Allianz Capital Partners acquisition of 30% stake in EON Distributie Romania

Overview:

• Allianz Capital Partners has reached an agreement to buy a 30% stake in EON Distributie Romania.
• After the deal completes EON will be left with a 56.5% stake while the Romanian Ministry of Energy will own 13.5%.
• EON Distributie Romania is the Romanian distribution subsidiary of EON. It owns 20,000 km of gas pipeline and an 80,000 km electricity grid serving 3 million customers.
• The deal is expected to complete before the end of the year. 

Sam Duke - Editor