Announced

MET Group to acquire a 68.5% stake in Mega Group International.

Synopsis

MET Group, an integrated energy company, agreed to acquire a 68.5% stake in Mega Group International, a company that offers both energy contracts and mobile phone plans. Financial terms were not disclosed. “We will remain at the helm of Mega as founders. All customer contracts will remain the same. MET Group will provide support for strategic projects, in this case at the European and international level. We will remain the supplier of cheaper energy and mobile phone subscriptions for the 500,000 households that are our customers. But our ambition goes further. We also want to take our share of the energy market for businesses in the short term. We will then implement further growth plans,” Thomas Coune, Mega Group International Co-CEO.

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MergerLinks - MET Group to acquire a 68.5% stake in Mega Group International.