MET Group

Articles

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MET Romania continues upswing

MET Romania continues upswing

After having purchased two companies, MET Romania Energy continues its upswing. Petre Stroe, CEO: “The integrated vertical business model also requires the development of certain production capacities.”
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2018. 09. 06.
Europe's Unprecedented Natural Gas Rally Drives Up Power

Europe's Unprecedented Natural Gas Rally Drives Up Power

Europe’s natural gas prices have risen to their strongest level for this time of year, lifting the cost of electricity for factories and utilities.
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2018. 08. 23.
MET Italia focuses on gas consolidation

MET Italia focuses on gas consolidation

To become the leader in the consolidation of the market of natural gas and electricity sales in Italy through organic growth and acquisitions, and thus enter the top 10 of the sector at country level. This is the goal of MET Italy, founded in 2017 and controlled by the European energy giant MET, which has recently undergone a significant realignment at a control chain level as a result of a management buyout operation, bringing the Group’s current CEO, Benjamin Lakatos, and – to a lesser...
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2018. 07. 10.
Visit to the construction site of one of Hungary’s largest solar power plants

Visit to the construction site of one of Hungary’s largest solar power plants

Only a few kilometres from Budapest, the construction of MET Group’s 17.6 MW photovoltaic power plant is already well under way. When ready, it will be one of the county’s largest solar power plants. The Dunai Solar Park investment is implemented on a 40-hectare plot located partly on the site of Dunamenti Erőmű power plant and partly on the area of a former fish farm. We visited the construction site, the largest of its kind ever seen in Hungary.
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2018. 06. 26.
MET Group scores energy infrastructure acquisition

MET Group scores energy infrastructure acquisition

The transaction of MET Group’s acquisition of Tigáz, Hungary’s largest natural gas distributor, has officially closed. What makes a company that has fundamentally made important gains – already at a European level – in energy trading decide to engage in such a large-scale asset purchase deal?
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2018. 06. 25.
The Man Who Bought MET

The Man Who Bought MET

MET Group is now at an important turning point for European markets, according to the energy trader’s chief executive Benjamin Lakatos, who seldom visits Hungary and speaks to the press even less often. The industry veteran said it is ‘not justified’ that the company is mentioned mainly in a political context even though 90 percent of its revenue is generated outside Hungary and its success can be attributed to a growth model founded on human capital.
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2018. 05. 30.
Mol, István Garancsi, György Nagy all leave MET

Mol, István Garancsi, György Nagy all leave MET

Energy trader MET is now fully owned by its managers following divestments by its widely known previous owners. The company is planning further acquisitions in Europe and will raise new equity.
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2018. 05. 30.
Gas sector sees beginning of new era – MET seeks leading role in Europe

Gas sector sees beginning of new era – MET seeks leading role in Europe

Once again, Europe’s natural gas sector witnesses the end of an era. A classic consolidation is taking place in the market, based on, besides commercial portfolios, a growth competition including physical assets as well, and the process forces energy dealers to a steady growth path. Accordingly, the strategy of MET Group focuses on intensive growth, that is, we have to outgrow the market, MET Hungary CEO Gergely Szabó told Portfolio.
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2018. 05. 30.
Benjamin Lakatos owns majority of MET

Benjamin Lakatos owns majority of MET

The ownership structure of MET, a major energy group even by European standards, currently preparing for a significant capital raise, has transformed. CEO Benjamin Lakatos, who now owns about 80% of the company, gave an interview to Világgazdaság on the background of the transaction.
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2018. 05. 30.
No End in Sight for European Gas Rally as Oil Hits $80

No End in Sight for European Gas Rally as Oil Hits $80

Higher European natural gas prices are here to stay. At least that’s what traders were saying this week in Amsterdam at the Flame conference, the region’s biggest annual gas gathering. Rising prices for energy commodities led by oil and the need to refill depleted storage sites after the coldest winter since 2012 will see European gas consolidate its rare rally during the summer, when lower heating demand usually damps prices.
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2018. 05. 18.
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