Swiss-based MET Group is set to acquire a 68.5% stake in the Belgium-based energy and telecom supplier Mega Group International. The transaction is still subject to the usual competition authority approvals.
The closing is expected to take place in Q2 2025. Under the agreement with MET Group, the 31.5% minority stake in Mega will remain with the founders and current co-CEOs Michael Corhay and Thomas Coune who will continue to lead the Mega business.
Mega Group International is an energy and telecom retailer focusing mostly on household customers in Belgium and the Netherlands, supplying gas and electricity as well as telecoms services. The Liège-headquartered company was founded in 2013. Today, with a portfolio size of over 500,000 customers, Mega ranks among the top 5 energy suppliers in Belgium.
With MET’s capabilities and global supply portfolio, Mega will expand its sales to small and medium businesses as well as industrial consumers.
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 17 countries through subsidiaries, 30 national gas markets, and 39 international trading hubs. The company's 1,000+ employees represent close to 60 nationalities. MET has extensive experience operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2023, MET Group’s consolidated sales revenue amounted to EUR 24.5 billion, with a total traded volume of natural gas amounting to 88 BCM and total traded electricity of 68 TWh.