Macquarie Infrastructure and Real Assets completes the transaction through which it acquires the Romanian assets put up for sale by CEZ Group
Source: CEZ Romania

The sale of Romanian assets was concluded on March 31, 2021 between CEZ Group and the funds managed by Macquarie Infrastructure and Real Assets (MIRA). The sale includes a total of seven Romanian companies, including the electricity distribution network, electricity supply and the largest onshore wind farm in Europe, from Fântânele - Cogealac, along with other companies. The acquisition agreement was signed last year, in October, and the transaction was approved by the European Commission - General Directorate of Competition and by the Supreme Council of National Defense of Romania.

After 18 months from the beginning of the divestment process and a high level of interest for assets, demonstrated by investors, the Romanian assets held by the CEZ Group were acquired by MIRA. The transaction was approved by the European Commission - Directorate General of Competition and the Supreme Council of National Defense (CSAT). Seven Romanian companies (Oltenia Energy Distribution, Ovidiu Development, Tomis Team, MW Team Invest, CEZ Vânzare, TMK Hydroenergy Power and CEZ Romania) thus change their shareholder starting with March 31, 2021.

“After 15 years as part of the CEZ Group, Romanian companies have consolidated their role in the local economy and have significantly contributed to raising quality and innovation standards in the sector. I am convinced that MIRA, as a key player with significant experience in the field and a long-term investment vision, will further strengthen our role and support the high level of expertise of our local team for a stronger portfolio, for the benefit of directly from the local economy and our customers. ” - Ondrej Safar, CEO of CEZ Romania.

MIRA is the largest infrastructure manager internationally and is part of the Macquarie Group, ranked in the top 10 companies in Australia by market capitalization. MIRA is a long-term investor with extensive experience in managing the world's leading electricity infrastructure. MIRA currently has 12.5 GW of renewable energy capacity and 200,000 kilometers of electricity distribution networks in Australia, Austria, Finland, Spain and the United States of America in its investment portfolio.

"We need a stronger and more sustainable energy infrastructure to facilitate Romania's growing electrification and its transition to a low-carbon economy. The business in the field of essential infrastructure in this portfolio will play an important role in transforming the energy system in Romania and we look forward to getting involved in its continuous development ", said Leigh Harrison, Director of MIRA EMEA.

Regarding the transaction, all operations and contracts will remain valid and unchanged for customers, employees and business partners. 

June 08, 2022 07:53
Kazakhstan National Oil and Gas Company – KazMunayGas (KMG) consolidates its...more »
May 31, 2022 17:09
Schoenherr si Asociatii SCA advised Samsung C&T Corporation on the sale of...more »
May 30, 2022 12:17
The Kazakh-Romanian Energy Investment Fund (KREIF) has successfully closed a E...more »
May 23, 2022 12:04
Hybrid and electric vehicles are preferred by almost half of the Romanian cons...more »
Govnet Next Events