EPH to buy stake in the Hungarian company Mátra

14. 12. 2017

A consortium of EP Power Europe, a.s. (EPPE) and Status Power Invest Kft. (a company controlled by the Hungarian investor Lőrinc Mészáros), today announced the signing of a contract for the sale of the 72.6 percent stake in the Hungarian electricity producer Mátrai Eromu Zrt. (Mátra) held by RWE Power and EnBW.

Buyer´s joint venture will have a 50-50 ownership split. RWE Power and EnBW own 50.9 percent and 21.7 percent of Mátra, respectively. EPPE is a wholly owned subsidiary of Energetický a průmyslový holding (EPH).

Mátra is the second largest electricity generator in Hungary with approx. 960 MW installed capacity across lignite, biomass, photovoltaics, and gas. Mátra owns and operates two open pit mines, Visonta and Bukkabrany, located in the vicinity of the plant.

The parties to the agreement have agreed not to disclose the price or any other details about the transaction. The transaction is subject to the approval of the relevant competition authorities as well as the Hungarian energy authority. The deal is expected to close in the first quarter of 2018.