EBRD exits ownership over share in E.ON Romania

The European Bank for Reconstruction and Development (EBRD) sold its 9.82% stake in E.ON Romania, part of German E.ON Group, Romania Journal reported on its website. The company is an integrated natural gas and electricity supplier on the domestic market.

EBRD, which in 2007 bought E.ON’s shares for EUR 43 million, passed the stake to E.ON Beteiligungen GmbH, the majority shareholder of E.ON Romania, local media informed, citing information from the Official Gazette. Following the transfer, E.ON Beteiligungen holds a 99.92% stake in E.ON Romania.

Total value of shares transferred by the EBRD amounts to RON 141.83 million (EUR 31.27 million).