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.
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.
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.
The transaction is expected to reach financial close in the second half of 2026, the companies said in separate statements.
Source: Reuters.com