April 17 (Reuters) - Budapest-listed Premier Energy has agreed to buy Evryo Group's power distribution network from Australia's Macquarie for about 700 million euros ($824.39 million), the companies
Premier Energy Acquires Macquarie’s Power Network in Romania for $824 Million
Premier Energy's Strategic Acquisition of Distributie Energie Oltenia
Deal Overview and Financial Details
April 17 (Reuters) - Budapest-listed Premier Energy has agreed to buy Evryo Group's power distribution network from Australia's Macquarie for about 700 million euros ($824.39 million), the companies said on Friday.
About the Acquisition
The European energy provider will acquire control of Distributie Energie Oltenia, a regulated electricity distribution network active in the south-western Romanian region of Oltenia, from Macquarie's asset management arm.
Financing the Transaction
Premier Energy said it is considering a potential bond offering to fund all or part of the deal, which is expected to address the current gap in electricity distribution within the company's principle market, Romania.
Timeline and Additional Information
Expected Closing Date
The transaction is expected to reach financial close in the second half of 2026, the companies said in separate statements.
Currency Exchange Rate
($1 = 0.8491 euros)
Reporting Credits
(Reporting by Sneha Kumar in Bengaluru; Editing by Janane Venkatraman and Subhranshu Sahu)
