Tag: electricity supply

MET to acquire RWE’s electricity supply business in Romania – Romania, 9 June 2018

According to Romanian media, MET Romania will acquire 100 % stake of RWE Energie, a subsidiary of German RWE. The transaction is expected to be formalized in the following days. With this acquisition, MET Romania will also take over around 400 electricity supply contracts, which will increase its share in the Romanian retail electricity market […]

GEN-I recorded 84 % higher profit in 2017 – Slovenia, 6 June 2018

Slovenian energy trader GEN-I recorded a net profit in the amount of 15.3 million euros in 2017, which is an increase of 84.1 % compared to the previous year. The company’s revenues rose by 49.8 % to 2.37 billion euros, while its 2017 EBITDA grew by 77.5 % to reach 21.7 million euros. The statement […]

HT withdrew from retail electricity market – Croatia, 1 June 2018

Croatian largest telecommunications company Hrvatski Telekom (HT) said that it has signed an agreement to sell its electricity supply business to local subsidiary of German energy company RWE. The statement from the company said that financial details regarding the transaction would be disclosed upon its completion following the approval of competent authorities. The transaction will […]