Hungary's MVM "withdrawing" from EU's FSR puts Romanian takeover at risk

Hungary's state company MVM responded to rumours, saying it has not abandoned plans to take over E.ON's Romanian subsidiary – but it only "temporarily withdrew from the FSR mechanism" because the approval of the investment by the Romanian authorities takes more than expected and the company needs to "balance its costs and resources," according to Ziarul Financiar.

FSR is a disclosure mechanism set in place by the EU in 2023 to identify non-EU subsidies. Companies that are active in the EU (or plan to invest in the EU or participate in EU public tenders) and that have received "financial contributions" from non-EU countries need to put in place systems for gathering the information required for FSR purposes (Norton Rise Fulbright).