Premier Energy to Acquire Evryo Group

Premier Energy Group, a leading vertically integrated energy company in Southeastern Europe and a listed company on the Bucharest Stock Exchange, announces the signing of an agreement to acquire Evryo Group from funds managed by Macquarie Asset Management. The transaction will be implemented through the acquisition of 100% of Felix Distribution Holdings, the parent company of Distributie Energie Oltenia, as well as 100% of Evryo Power.

Valued at approximately €700 million, the acquisition marks a defining step in the Group’s strategy to consolidate its position in Romania by adding the electricity distribution component to its operations and further strengthening its vertically integrated business model.

“This transaction represents a major milestone in the development of Premier Energy, marking a transformative step in our regional strategy. By adding electricity distribution to our operations in Romania, we are adding a key missing component of our integrated energy platform in our core market. This allows us to better align electricity generation, distribution and supply, strengthening our ability to operate efficiently and capture value across the entire energy chain. At the same time, we are pleased to continue our relationship with Macquarie Asset Management following the successful acquisition of CEZ Vanzare, now Premier Energy Furnizare, back in 2024. This transaction reinforces our commitment to our main market and provides a strong foundation for continued growth,” José Garza, CEO of Premier Energy Group, commented.

Distributie Energie Oltenia operates a regulated electricity distribution network in the southwestern region of Romania, spanning approximately 80,000 kilometres and serving around 1.5 million customers. The network is the third largest electricity distribution network in Romania and represents a critical component of the country’s energy infrastructure.

Evryo Power supports the operations as a service provider, facilitating separation processes and activities through operational, commercial and administrative functions, contributing to the efficient functioning of the distribution platform.

In the execution of the transaction, J.P. Morgan is acting as financial advisor to the Company, providing strategic guidance and expertise throughout the entire process. To fund the acquisition, the Company is currently in advanced discussions regarding a potential bond offering, a strategy which is expected to encompass an initial bridge-to-bond financing package with the comprehensive medium-term objective of financing all or a significant portion of the transaction through a formal bond issuance.

“This transaction is important both from an operational and financial perspective. By adding a regulated electricity distribution segment to our activities in Romania, we will enhance the stability and predictability of our cash flows while supporting the Group’s financial profile. The acquisition has been agreed at approximately the book value of the business, representing a compelling valuation, and underlines our ability to pursue and complete strategic transactions of scale that will continue to create value to all stakeholders,” Peter Stohr, CFO of Premier Energy Group, added.

The transaction is subject to approval by Premier Energy’s shareholders, expected to be sought at the upcoming Annual General Meeting scheduled for 10 June 2026, as well as to customary regulatory approvals. Financial close is anticipated in the second half of 2026.

 

About Premier Energy Group

With one of the fastest growth rates in the Southeastern European region, the Premier Energy Group operates through its key business verticals – electricity production, distribution and supply, and natural gas distribution and supply.

The Group owns or has under construction a total of over 500 MW of renewable capacity, with an additional 200 MW currently under development. It supplies electricity to more than 2.2 million customers in Romania and the Republic of Moldova, the vast majority being households and small businesses. The group also owns a vast electricity distribution network in the Republic of Moldova, which covers approximately 75% of the country’s population.

Premier Energy is also a supplier of natural gas for domestic and non-domestic consumers (in retail, industry, trade) and owns and operates a gas distribution network of almost 4,000 km in areas surrounding the capital, the southern and western parts of the country, as well as in smaller localities in the northern part of Romania. The company is the third-largest player in the natural gas distribution market and the no 4 supplier of electric energy in Romania.

In 2025, the Group acquired a 158 MW wind park in Hungary, representing approximately half of the country’s total operating wind capacity, and plans to establish a scalable platform for future growth in Hungary, a market with strong fundamentals and a strategic position within Central Europe.

After listing on the BVB, Premier Energy Group is 71% owned by the Czech investment fund Emma Capital, founded by Czech entrepreneur Jiří Šmejc.

The BVB listing of Premier Energy PLC (symbol “PE”) in May 2024 represents the largest initial public offering (IPO) of an entrepreneurial company in the past seven years and the fifth-largest listing since the establishment of the Bucharest Stock Exchange.