EDF and ENKSZ sign definitive agreement for the sale of 100% of EDF DÉMÁSZ Zrt.
On 5th of December 2016, E.D.F. International SAS (EDFI) signed with the ENKSZ First National Public Utility “Első Nemzeti Közműszolgáltató Zrt.” (ENKSZ), a 100% Hungarian state-owned company, a definitive agreement for the sale of the whole of its stake in EDF DÉMÁSZ Zrt.
The EDF DÉMÁSZ Group provides and distributes electricity to 775,000 retail and business customers and operates 32,320 kilometers of network lines in the South-east Hungary region. EDF DÉMÁSZ Zrt. operates directly under four licenses: Universal Service Provider, Open Market trader, natural gas commerce and public lightening operation, and indirectly through its subsidiary named EDF DÉMÁSZ Hálózati Elosztó Kft. under a distribution licence.
Completion of the transaction is subject to merger control clearance in Hungary and the consent of the Hungarian Energy and Public Utility Regulator. Authorization by the French Ministry of Economy is also required.
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