Acquisition, Wind Energy, Hungary

25 Nov 2009

MVM Zrt, the Hungarian power company, has acquired Hungarowind Kft, the Hungary based company wind power firm, from Raiffeisen Energy Service Ltd, the Hungarian energy holding subsidiary of Raiffeisen Bank Group, the Austria based bank, for a consideration of EUR 30m. Through the acquisition of ownership by MVM, one of the most important wind farms established in the country, representing nearly 15% of the total wind power plant capacity in Hungary is transferred to domestic, national ownership.

~ Mergermarket