RWE, EnBW to Sell Their Stakes in Hungarian Company Matra
14 Dezembro 2017 - 12:05PM
Dow Jones News
By Pietro Lombardi
German energy companies RWE AG (RWE.XE) and EnBW AG (EBK.XE)
agreed to sell their stakes in Hungarian electricity producer
Matrai Eromu Zrt., or Matra, to a consortium, RWE said
Thursday.
Financial details weren't disclosed. The sale to the
consortium--which consists of Czech company EP Holding and
Hungarian investor Lorinc Meszaros--is subject to approval by
competition and Hungarian authorities.
RWE owned a 50.9% stake in the company. EnBW's stake was
21.7%.
"The sale is in line with the restructuring of the portfolio of
the company," RWE said in a statement. The sale should be completed
by the first quarter of next year.
Matra has more than 2,000 employees and a generation capacity of
about 960 megawatts.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
December 14, 2017 08:50 ET (13:50 GMT)
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