Croatian Competition Agency (AZTN) said that it has approved the acquisition of 75 % stake in local gas distributor Koprivnica Plin and gas supplier Koprivnica Opskrba by a subsidiary of German energy company RWE, RWE Hrvatska.
In February, RWE Hrvatska announced that it has signed a 6.8 million euros worth agreement on the acquisition of stakes in these two companies with local utility company Komunalac, which still holds the remaining 25 % stakes. RWE Hrvatska will take over the supply of 12,000 households and over 1,000 business customers, including large companies such as Podravka, Carlsberg and Hartmann. The company said that it will not reduce the current number of employees in these two gas suppliers and it will keep their headquarters in Koprivnica for at least five years.
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Tags: acquisition, Croatia, gas, gas distribution, gas supply, Komunalac, Koprivnica, RWE