Premier Energy to buy Macquarie's Romanian power distribution network for $824 million (updated)
17/04/2026 08:03
Corrects first paragraph of April 17 story to say Premier Energy is listed in Bucharest, not Budapest April 17 (Reuters) - Bucharest-listed Premier Energy ROPE.BX has agreed to buy Evryo Group's power distribution network from Australia's Macquarie MQG.AX for about 700 million euros ($824.39 million), the companies said on Friday. The European energy provider will acquire control of Distributie Energie Oltenia, a regulated electricity distribution network active in the south-western Romanian region of Oltenia, from Macquarie's asset management arm. Premier Energy said it is considering a potential bond offering to fund all or part of the deal, which is expected to address the current gap in electricity distribution within the company's principle market, Romania. The transaction is expected to reach financial close in the second half of 2026, the companies said in separate statements. ($1 = 0.8491 euros) (Reporting by Sneha Kumar in Bengaluru; Editing by Janane Venkatraman and Subhranshu Sahu) ((Sneha.Kumar@thomsonreuters.com;))