# MVM Group to acquire Innogy's Czech subsidiary

Hungarian state-owned MVM Group signed an agreement to acquire Innogy's entire electricity and gas retail business in the Czech Republic (ICR) from E.ON. The European Commission cleared the acquisition under the EU Merger Regulation.

- Type: Acquisition
- Announced: 2020-10-28
- Where: Czech Republic, Czechia
- Status: announced
- Products: electricity, gas
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [E.ON](https://endata.com/companies/7776.md) (partner)
- [MVM](https://endata.com/companies/7954.md) (acquirer)
- [innogy SE](https://endata.com/companies/21346.md) (target)

## Sources

- [ceenergynews.com](https://ceenergynews.com/finance/commission-gives-green-light-to-acquisition-of-innogys-czech-subsidiary-by-mvm-group/), 2020-10-28: "The European Commission has now cleared the acquisition under the EU Merger Regulation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.