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MET Offloads Stake in Hungarian Gas Distributor
Mar 12, 2021 8:55:am
Summary
by: Joe Murphy
Swiss-based MET Group has agreed to sell its 49.6% stake in Hungarian gas distributor Tigaz to local hold.
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MET Group sells its 49,57 percent stake in the Hungarian natural gas distributor TIGÃZ Zrt. to Opus Global Nyrt. MET also announces the 100 percent acquisition of the Buzsák 77 MWp solar power plant in Hungary, in line with its CEE renewables growth strategy.
On 11 March 2021, MET Group signed a share purchase agreement with Opus Global Nyrt., selling its 50 percent shareholding in MS Energy Holding AG, representing a 49,57 percent stake in TIGÃZ Zrt. The transaction is expected to close on 31 March 2021.
At the same time, MET acquires a 77 MWp photovoltaic power plant project from Opus Global Nyrt. in the Hungarian municipality of Buzsák. This is a greenfield solar power plant project in a ready-to-build (RTB) status, expected to produce 83.7 GWh electricity annually.