MET Group (“MET” or the “Group”), a leader in the European energy marketing sector, is pleased to announce the successful closing of its revolving credit facilities (the “Facilities” or the “Transaction”) amounting to EUR 560 million.
MET Group is continuing its European expansion through the establishment of a subsidiary in Spain. The core business activity of the company is the sale of natural gas to industrial clients, with deliveries over 2 TWh starting on the 1 st of January 2017.
Swiss-based MET Group and Repower announce that MET Group has completed the acquisition of the entire electricity supply business of Repower in Romania. The acquisition marks the acceleration of MET’s expansion strategy in the CEE region.
Zug, Switzerland, 25 July 2016 – Swiss-based MET Group will acquire the entire electricity supply business of Repower in Romania, including its local staff. The acquisition marks the acceleration of MET’s expansion strategy in the CEE region.
Zug, Switzerland, 22 July 2016 – MET International AG (METI), trading arm of MET Group, has successfully completed its first LNG import transaction. METI has purchased a cargo into Italy on a DES basis in mid-July to cover its downstream demand.
Zug, Switzerland, 16 June 2016 – MET Group (“MET”), a leader in the European energy marketing sector, has successfully increased its Senior Secured Multicurrency Credit Facilities (the “Facilities”) to EUR 500 million.
E2 Hungary Zrt, a joint venture utility company founded by MET Holding AG and Magyar Telekom Nyrt, will officially launch on 1 January 2016. The merging of the two companies’ client portfolios has already started with the transfer of Telekom’s complete industrial utility business into the new company, which will...
Energy trading group MET has opened new subsidiaries in Russia and Turkey as part of a drive to expand its presence to the East. The Turkey subsidiary will facilitate exploration of alternative energy sources and access to new markets, while new partnerships with Russian energy producers are anticipated to be...
The MET Innovation and Talent Prize was awarded to a project that offers high ability education from pre-school age as part of a programme designed to raise a new generation of software engineers. The award was presented to NI Hungary Kft at the Figyelő Top 200 ceremony.
Magyar Telekom and MET signed an agreement today to establish an equally shared joint venture that will provide natural gas and electricity services primarily for business customers.
GDF SUEZ Energia Holding Hungary Zrt. is seeking to terminate its free market natural gas retail activity in Hungary as from 1st July in the best conditions. GDF SUEZ Energia Holding Hungary Zrt. and MET Hungary Ltd have signed an agreement on taking over Hungarian FM gas portfolio of GDF SUEZ. GDF SUEZ will...
MET Group refutes the allegations about the company and some of its trade agreements that have been published in the national press and made known through political discourse in recent weeks.
The acquisition is a result of a tender process and covers 0.5 percent of the Hungarian electricity market. Competition authority approval process is underway.
MET Power AG has acquired a majority stake in Dunamenti Power Plant, which will enable the plant’s continued operation.
MET Group and GDF SUEZ Group entered into a contract on the transfer of a minority ownership in Dunamenti Power Plant, which could lead to the sustainable operation of the power plant The GDF SUEZ group sold a minority share package in Dunamenti Erőmű Zrt. to MET Group on 27 February 2014.