Macquarie Asset Management is selling its interest in an electricity distribution network in the south-western Romania to Premier Energy.
The asset manager, on behalf of Macquarie European Infrastructure Fund 6), said it has agreed to divest its interest in Evyro Group’s power distribution network to Premier Energy. Financial details of the transaction were not disclosed.
Macquarie invested in Evryo in 2021.
Evryo is the owner of Distributie Energie Oltenia (DEO), a regulated electricity distribution network active in Oltenia. DEO develops, maintains and operates the grid to supply electricity across 80,000km of network, connecting 1.5m customers.
Stéphane Brimont, managing director at Macquarie Asset Management, said: “We are proud to have supported Evryo Group over the years of Macquarie’s ownership, backing DEO’s growth as a cornerstone of Romania’s energy system. Our investment has strengthened DEO’s operational performance and network resilience, including through periods of significant energy disruption in recent years.
“These efforts have helped deliver a smarter, more resilient electricity system for Romania. We look forward to seeing its continued progress under Premier Energy Group’s stewardship.”
Energy and power infrastructure company Premier Energy owns generation, distribution and supply operations across Romania, Moldova and Hungary.
Premier Energy Group’s CEO, Jose Garza, said: “This is an important milestone in the development of Premier Energy and a key part of our strategy to become a regional leader in the energy transition. We understand the importance of DEO within the Romanian energy landscape and are fully committed to its future.
“By building on the foundation already in place, we will continue the modernisation and digitalisation path, ensuring a resilient and efficient asset that meets the evolving needs of our customers and the broader energy market.”
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