Two Romanian companies controlled by German group E.ON will merge


The process is estimated to conclude by December 31.

Natural gas provider E.ON Gaz Distributie will absorb the electricity provider E.ON Moldova Distributie, as part of a merger process estimated to end by December 31, according to the merger project.
E.ON Gaz Distributie has a social capital of RON 282.4 M, while E.ON Moldova Distributie has a capital of RON 499.7 M. After the merger, E.ON Gaz Distributie will have a social capital of RON 773.2 M. E.ON Gaz Distributie provides natural gas to more than 1,000 localities of Transylvania, while E.ON Moldova Distributie supplies electricity to the counties of Bacau, Botosani, Iasi, Neamt, Suceava and Vaslui.
The shareholders of E.ON Gaz Distributie are E.ON Romania (51 pc of shares), the Ministry of Economy (37 pc) and Fondul Proprietatea (12 pc). E.ON Moldova Distributie has as stockholders E.ON Romania (68 pc), Electrica SA (10 pc) and Fondul Proprietatea (22 pc).
After the merger, E.ON Gaz Distributie will have as shareholders E.ON Romania (61.79 pc), the Ministry of Economy (13.51 pc), Electrica SA (6.34 pc) and Fondul Proprietatea (18.34 pc).
E.ON Gaz Distributie has assets of RON 1.8 bn and debts of RON 589.8 M.
E.ON Moldova Distributie has assets of RON 2.4 bln and debts of RON 645 M.
In 2010, two other companies controlled by E.ON Romania have merged. At that time, Fondul Proprietatea opposed the merger of E.ON Gaz Romania and E.ON Moldova Furnizare. The German group E.ON is present on the Romanian energy market since 2005, when it took over from the state, following privatization process, the companies Electrica Moldova and Distrigaz Nord.

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