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In accordance with the agreement between Opus Global Plc. And E.ON Beteiligungen GmbH on October 4, 2019, OPUS made a binding offer on December 23, 2020 for the acquisition of E.ON Tiszántúli Áramhálózati Zrt. (TITÁSZ). The transaction can be closed in the third quarter of 2021 after approval by the Hungarian Competition Authority.
The announcement states that Opus Global Plc. It has made an offer for a 100% stake in E.ON Tiszántúli Áramhálózati Zrt. In accordance with a set of binding contractual conditions that create rights and obligations and include a schedule and prices. The company signed an agreement with E.ON on December 23, 2020, which includes, among other things, that:
E.ON is committed to providing professional customer support for a period of six months after the completion of the transaction to ensure business continuity.
With the acquisition of TITÁSZ, Opus Global Plc. It expresses its long-term commitment to national energy investments. Attila Zsolt Dzsubák, CEO of Opus Global Plc., Said in relation to the offer: TITÁSZ will be a valuable element of OPUS’s portfolio of assets that, by providing stable and predictable income, will make a significant contribution to our group’s ability to generate profits. The acquisition of the Trans-Tisza power grid provides a solid foundation to further expand Opus Global Plc’s energy division. And strengthen our regional presence. Our strategic objective is to make our Company a key player in the national energy market in the long term.
Opus Global Plc. It sees the eastern region of Hungary as a potential for growth, and the group’s other local interests also provide additional synergies for the Company.
The deadline for signing the detailed transaction agreements is March 31, 2021. As of January 1, 2021, Opus Global Plc. You will be responsible for the benefits and obligations arising from the transaction. The transaction is expected to close in the third quarter of 2021. – write in the advertisement of the listed company.
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