MVM Group completed the acquisition of Innogy Ceska from E.ON.

MVM Group, a Hungarian energy group, completed the acquisition of Innogy Ceska, Innogy's customer electricity and gas business in the Czech Republic from E.ON, a German utility company. Financial terms were not disclosed. This transaction marks the final step in the fulfilment of the remedies offered by E.ON in the context of the antitrust approval of E.ON’s takeover of Innogy. The transaction is subject to the approval of the European Commission and is expected to close before year-end. "Under the new owner, we want to further develop products and services and look forward to a new stage in our cooperation and the potential that the new owner offers to improve the offer for our customers. I want to assure all our customers and partners that we will continue to be a reliable partner for them," Tomas Varcop, Innogy Ceska CEO.