MVM Hungarian Electricity Private Limited Company and RWE Gas International B.V. signed an agreement today governing the acquisition of RWE's 49.83% stake in FŐGÁZ for a purchase price of HUF 41 bn. Closing of the transaction is expected for the first half of 2014 following necessary approvals from relevant authorities and the co-owner, the Municipality of Budapest.
FŐGÁZ operates a 5800 km long gas network being in a well maintained condition and provides universal service, distributing over two billion cubic meters of natural gas per annum in the capital and 10 counties of Hungary to more than 820 thousand customers
FŐGÁZ operates a 5800 km long gas network being in a well maintained condition and provides universal service, distributing over two billion cubic meters of natural gas per annum in the capital and 10 counties of Hungary to more than 820 thousand customers
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