Local E.ON subsidiary to buy stakes in Elmu and Emasz ahead of buyout offer – Hungary, 07 October 2019

Local subsidiary of German energy company E.ON will acquire nearly all of the shares of Hungarian electricity distribution companies Elmu and Emasz through a mandatory public purchase offer for outstanding shares of the listed companies. E.ON Hungaria announced a public purchase offers for the ou Full article available for subscribers of Energy NEWS service (PDF […]

Elmu-Emasz recorded lower profit in H1 2019 – Hungary, 01 October 2019

The Elmu Group posted a net profit in the amount of 18.3 million euros in the first half of 2019, after 25.4 million euros net profit in the first six months of last year, while the Emasz Group closed the half-year with a net profit of 7.8 million euros. The half-year report of Elmu and […]

ELMU and EMASZ recorded 13.6 million euros profit in Q1 – Hungary, 19 May 2016

The combined net profit of Hungarian regional electricity distributors ELMU and EMASZ, which are both majority owned by German RWE, has reached 13.6 million euros in the first quarter of 2016. ELMU, which covers the area around the Hungarian capital Budapest, recorded a net profit of 10.4 million euros in the first quarter of this […]