E.ON agrees to buy MVV Polska
[firstParagraph]
Energy giant E.ON edis energia is to acquire MVV Polska, the Polish operations of MVV Energie AG.
In a deal signed on August 6, E.ON edis energia agreed to purchase the firm for an undisclosed sum, to ramp up its activities in the Polish energy and heating market, where it already operates via shareholdings in the Szczecin, Opole and Jarocin regions.
MVV Polskat has operated in the fields of heat energy generation, distribution and energy consulting since 1990. MVV Polska supplies heating energy to around 150,000 households.
The purchase means E.ON edis energia can expand its market share and will supply energy and heating to a total of 480,000 households in future.
This sale marks the completion of MVV Energie’s previously announced withdrawal from the Polish market. The deal is subject to approval by antitrust authorities.
7 August 2008