CEZ Energy Group sold most of its Romanian assets to the London company Macquarie Infrastructure and Real Assets (MIRA). The agreement is subject to the approval of the European Antimonopoly Office and the Romanian state.
The sale includes a total of seven companies, including a distribution company, energy sales and the Fântânele Cogealac wind farm, the largest onshore windfarm in Europe built between 2008 and 2012.
The sale is in line with ČEZ’s new strategy, approved last June. It counts on the gradual sale of assets in Bulgaria, Romania, Turkey and partly in Poland. The company plans to use revenues from the sales for the construction of renewable sources and new nuclear units as well as the modernization of the distribution network in the Czech Republic.
The majority owner of ČEZ is the state, which owns 70 percent of the company’s shares through the Ministry of Finance. The company entered the Romanian energy market in 2005.
MIRA is part of the Australian Macquarie Group, a global provider of banking, financial and advisory services and investment fund management. MIRA is the part of Macquarie that manages assets.