MET Group completes divestment from TIGÁZ and acquisition of a solar power plant
MET Group has completed the sale of its 49,57% stake in the Hungarian natural gas distributor TIGÁZ Zrt. to OPUS GLOBAL Nyrt., as well as the 100% acquisition of the Buzsák 77 MWp solar power plant in Hungary.
On 11 March 2021, MET Group signed a share purchase agreement with OPUS GLOBAL Nyrt., selling its 50% shareholding in MS Energy Holding AG, representing a 49,57% stake in TIGÁZ Zrt. The transaction was completed on 31 March 2021.
At the same time, MET acquired a 77 MWp photovoltaic power plant project from OPUS GLOBAL Nyrt. in the Hungarian municipality of Buzsák. The acquisition of this greenfield solar power plant project in a ready-to-build status was also completed on 31 March.
As part of its European renewables growth strategy, MET Group is dedicated to build a significant 500+ MW renewables portfolio by 2023, consisting of solar and wind farms in the CEE region.
MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas and power markets. MET is present in 14 countries through subsidiaries, 25 national gas markets and 22 international trading hubs. In 2019, MET Group’s consolidated sales revenue amounted to EUR 11.7 billion, the volume of natural gas traded was 50 BCM.