Another merger takes place in Hungary's energy sector

Portfolio
State-owned MVM Zrt. has become the sole owner of Hungary’s national utility company NKM Nemzeti Közművek Zrt.
As the only shareholder in MVM, the Hungarian state has carried out a HUF 13.4 billion capital increase in the company, i.e. by the minority shareholding it had in NKM. As a result, NKM has become a 100%-owned subsidiary of MVM. The services offered by the new energy holding created by the complete merger of NKM Group covers the entire spectrum of the energy value chain.

MVM Group’s income has been showing an ascending trend, whereas it profits mostly stagnated over the last few years.
 

More in Energy

Transznyitsztria orosz gaz
February 21, 2025 16:09

Hungarian Foreign Minister reveals he was asked by Russia to help solve gas crisis in Moldovan breakaway region

Until now, we did not know the background to how MET became involved in the deal

February 18, 2025 16:24

New milestone for solar panels: Hungarian production reaches record high

It's time to set new records

Mol Dunai Finomító Dufi kőolajvezeték barátság-vezeték friendship
February 18, 2025 15:17

It turns out Hungary could buy Kazakh oil this year

Trial deliveries to start, Mol could kill two birds with one stone

February 13, 2025 17:47

Pressure from member states or not, Brussels won't budge on gas storage rules

No convergence of views so far

GettyImages-1979524029-energetika-energiabiztonság-energiaszektor-gáz-gázellátás-gázszolgáltatás-gáztároló-gázvezeték-ipar-munkavédelem
February 13, 2025 10:32

Troubled Ukraine has turned to Hungary and other EU members to help it find gas

There is a serious risk to security of supply

GettyImages-2168451868-energetika-energiaipar-gáz-gázszolgáltatás-gázturbina-gépgyártás-ipar-technológia-turbina
February 13, 2025 09:17

Gas-fired power plant in Tiszaújváros to be built by an international consortium

Hungarian gov't publishes the results of the tender

LATEST NEWS

Detailed search