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MVM Group

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MOL Group Tops Hungarian Corporate Revenue List

D&T
Nov 11, 2020

The Hungarian business weekly HVG has prepared the list of the country's corporate entities with the highest revenues in 2019. The oil and gas group MOL continues to top the list of 500 companies but the largest anual revenue increase was produced by Audi Hungaria. According to hvg.hu, the combined sales of the 500 companies […]

Czech Acquisition by Hungarian Electricity Company MVM

D&T
Oct 31, 2020

Following approval by the European Commission, Hungary's MVM Co. Ltd. has acquired the 100% ownership of innogy Česká republika a.s. A statement by MVM Group points out that MVM Co. Ltd. has acquired the largest natural gas trader in the Czech Republic, which is increasingly present in electricity trading market as well. The Czech company […]

German Firm's Subsidiaries in Hungarian State Ownership

D&T
Oct 28, 2020

State-owned Hungarian energy group MVM has acquired the Hungarian and two Chinese subsidiaries of the German energy company Enexio. With the change of ownership, MVM also received a world-famous Hungarian patent, the Heller-Forgó's refrigeration system, which made Enexio an important player in the energy market. According to the sales director of Enexio Hungary Zrt., Balázs […]

Hungary to Receive Gas from Croatian LNG Terminal

D&T
Jun 9, 2020

MFGK Croatia d.o.o., the Croatian subsidiary of Hungarian Gas Storage Ltd. (MFGK), part of the MVM Group, has signed a package of agreements to book a capacity of up to one billion cubic meters of gas annually for a period of almost seven years in the Krk LNG terminal in Croatia from January 1, 2021. […]

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