Published by
Poppy Clements,
Editorial Assistant
Mytilineos has announced the acquisition of EFAEnergy, a supplier and provider of natural gas in Greece and the wider region of southeastern Europe.
This acquisition is part of Mytilineos’ strategic plan to expand its customer base and integrate into the retail energy supply market, in this case with an emphasis on natural gas.
Mytilineos was the first private company in 2010 to enter the supply and trading natural gas market in Greece, ensuring its customers a secure and competitive supply of natural gas. With the integration of EfaEnergy, Mytilineos aims to further strengthen its M Energy Sector, and the sub-sector M Energy Customers Solutions, by increasing its market share with an additional 11 000 customers, mainly in central Macedonia and Thessaly, Greece.
The purchase price of 100% of EfaEnergy’s shares amounts to €4.5 million.
The transaction is subject to obtaining the necessary approvals from the Hellenic Competition Commission and other authorities.
This article has been tagged under the following:
Europe downstream news
Downstream contract news