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MVM to acquire E.ON regulated market electricity distributor

State-owned energy company MVM on Thursday announced an agreement to acquire 100 percent of E.ON Aramszolgaltato, German-owned E.ON's local electricity distributor for the regulated retail market.

The transaction is expected to close in the spring of 2022.

The deal will affect close to 2.5 million customers in the west and east of Hungary.

After the deal is closed, MVM will offer nationwide coverage for customers on both the regulated retail gas and electricity markets.

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