Joint Press Release by MET Group and GDF SUEZ Group
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.
Simultaneous with its purchase of the ownership share MET Group decided to grant a shareholder loan to the power plant.
Both parties have made significant efforts to ensure that Dunamenti Power Plant will be equipped to embark upon a sustainable business path and thereby contribute to the security of the Hungarian energy supply in the future.
The agreement means that there is now a good chance that almost 100 jobs at Dunamenti Power Plant can be preserved in the future.
About MET Group
MET Group is a Switzerland-based international energy sales and trading group. It is an active participant in the European natural gas, power, and oil markets and has a significant retail presence in Hungary, Slovakia, Romania and Croatia.
MET Group is present in eight countries via our subsidiaries, more than one dozen European national gas markets and trading hubs, and multiple power markets and trading hubs. We are a leader in the Central European natural gas and power markets, and an active participant in natural gas, power and oil trading across Europe. Our positions are optimized and commodity risk is managed on our trading floors in Switzerland and the United Kingdom.
MET Group has grown rapidly since its founding in 2007, and presently has more than 150 employees from more than 20 different countries. The group’s success is based on its highly qualified professionals and its commitment to understand its counterparts' needs and to quickly structure attractive tailor-made business solutions.
MET Group’s mission is to become a leading market player by implementing innovation in the traditional European energy markets.
About GDF SUEZ Group
The activities of the world’s largest utility provider, GDF SUEZ, span the entire energy chain in the field of natural gas and electricity, meaning that the company is at the forefront of planning and selling energy and environmental services. The company, which is present in 50 countries, is continuously developing its activities to meet the challenges of the times: to meet rising energy needs, actively participate in the struggle against climate change and optimize the use of energy resources.
The company employs 138,000 people worldwide; its satisfied customers include thousands of companies and millions of families. In 2013 GDF SUEZ Group posted a revenue of EUR 81.3 billion. GDF SUEZ shares are listed on the leading stock exchanges of Europe: in Paris, Brussels and Luxembourg.