Hagag Europe Development enters Romanian energy sector via acquisition, plans major investment

Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 million in this market over the coming years.

The move marks Hagag’s formal entry into the natural gas market and includes a full takeover of existing operations, staff, systems, and contractual obligations.