Premier Energy to buy Macquarie's Romanian power distribution network for $824 million (April 17)
Premier Energy's Acquisition of Macquarie's Romanian Power Distribution Network
(Corrects first paragraph of April 17 story to say Premier Energy is listed in Bucharest, not Budapest)
Deal Overview and Key Details
April 17 (Reuters) - Bucharest-listed Premier Energy has agreed to buy Evryo Group's power distribution network from Australia's Macquarie for about 700 million euros ($824.39 million), the companies said on Friday.
About the Acquisition
The European energy provider will acquire control of Distributie Energie Oltenia, a regulated electricity distribution network active in the south-western Romanian region of Oltenia, from Macquarie's asset management arm.
Financing and Strategic Impact
Premier Energy said it is considering a potential bond offering to fund all or part of the deal, which is expected to address the current gap in electricity distribution within the company's principle market, Romania.
Timeline and Closing
The transaction is expected to reach financial close in the second half of 2026, the companies said in separate statements.
Additional Information
($1 = 0.8491 euros)
(Reporting by Sneha Kumar in Bengaluru; Editing by Janane Venkatraman and Subhranshu Sahu)
