After approval by the European Commission, the transaction through which MVM Zrt. Acquired 100% of the capital of innesk Česká republika. The energy company, which now belongs to the MVM Group, supplies power to more than 1.6 million residential and corporate customers, the MVM Group said on its website. The transaction also includes the Czech company’s cogeneration assets, as well as its wholesale portfolio and electronic mobility.
György Kóbor, President and CEO of MVM Zrt., Said that MVM has achieved a strategic result in its regional expansion. As the owner of one of the main players in the Czech market, MVM will further strengthen its position in the Central and Eastern European energy market and provide solid experience and continuity for the Czech company and its customers, who can continue to rely on services from highest quality.