Swiss-based energy company Repower has finally withdrawn from the Romanian market. The company, which held about 5 % share in small businesses supply market, has sold its business to Hungarian MET Group.
The statement from the company said that MET Group will take over the entire Repower Romania, including about 30 employees. The contracting parties have agreed not to disclose the sale price. The definitive transfer of Repower Romania is expected to take place in September. It was noted that MET Group, which is already operating in the Romanian market, will continue Repower’s operation in the country.
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Tags: acquisition, electricity, electricity market, MET Group, Repower, Romania