MVM rejects any connection with Russia, argues for takeover plans in Romania

Hungary’s state-owned MVM does not intend to bring Russian gas to the Romanian market but envisages developing a platform to develop, integrate, and sell green energy, the company’s CEO Károly Mátrai argued in an interview with Bursa.ro. The price offered for the Romanian assets of E.ON is “correct” and even at the lower end of the range suggested by peer comparison with other deals in Europe, he said, rejecting speculations about his company’s offer exceeding the economic calculations.

Mátrai underlined that MVM is already investing in renewable energy and energy transition projects in Romania, with a 2035 strategy that includes Romania as a regional expansion market.