The European Commission has authorised, under the EU merger regulations, Macquarie Infrastructure and Real Assets (MIRA) to acquire a portfolio of power assets in Romania from the Czech state-owned power utility ČEZ Group, considering that the proposed acquisition would not raise any competition concerns.
MIRA and ČEZ Group signed a sale agreement in October 2020. The transaction includes the 622 MW Fantanele Cogealac onshore wind complex, 22 MW of hydropower capacity and a integrated energy infrastructure portfolio, which comprises an 86,665 kilometre regulated electricity distribution network (Distribuție Oltenia) and an electricity and gas supply business with 1.4 million residential and industrial connections in the South West of Romania. The terms of the transaction have not been disclosed. ČEZ Group will remain active in Romania, through CEZ Trade Romania (trading) and High-Tech Clima (energy services business).