MVM acquires Matra Power Plant for HUF 17.4bn

MVM Hungarian Electricity acquired the Matra Power Plant from Opus Global for HUF 17.4bn. The power plant, located in the Matra Mountains in northern Hungary, provides roughly 16 percent of the country's electricity. The transaction is a matter of “national strategic significance,” said Gergely Gulyas, head of the Prime Minister's Office, adding that the acquisition by the state-owned power company will protect jobs and maintain economic stability in the region. Opus Global Holding, owned by Lorinc Meszaros, purchased the power plant from RWE in 2018 for a reported HUF 11bn. The government said it intended to modernize the property.