CEZ Group completes sale of Romanian power assets
Date
April 20, 2021
Type
M&A Transactions
Subtype
Transaction completed
Countries
Romania
Subsectors
Onshore Wind
O&G Midstream
Hydropower
Multisector
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Eighteen months after the start of the divestment process, CEZ Group has concluded a transaction in which its Romanian assets have been acquired by funds managed by MIRA. Seven Romanian companies (Distributie Energie Oltenia, Ovidiu Development, Tomis Team, MW Team Invest, CEZ Vanzare, TMK Hydroenergy Power and CEZ Romania) are thus changing their owner.
The sale is part of CEZ Group's strategic plan to divest selected assets in some countries.
