Tag: MVM

MSZP alleges illegal state aid used to acquire Matrai Eromu – Hungary, 30 July 2020

The opposition Hungarian Socialist Party (MSZP) said that it will turn to the European Commission the alleged case of using illegal state aid for the acquisition of Matrai Eromu, the second largest electricity producer in the country. MSZP Vice President Laszlo Szakacs said that the deal cost the Full article available for subscribers of Energy […]

MVM and Russian Rosatom established a joint venture company – Hungary, 13 July 2020

State-owned Hungarian Electricity Works (MVM) established a joint venture company European Power Services (EPS) with Rusatom Service, a subsidiary of Russian state-owned nuclear energy company Rosatom. The two founders have an equal 50 % share in the new company, but it will operate as part of MV Full article available for subscribers of Energy NEWS […]

MVM agreed to acquire Innogy’s Czech subsidiary – Hungary, 13 July 2020

State-owned Hungarian Electricity Works (MVM) has signed an agreement to acquire 100 % of the Czech subsidiary of German energy company Innogy. The statement from the company said that the agreement on the acquisition is a milestone for MVM Group’s strategy to expand in the region and become the Full article available for subscribers of […]