The Czechs from CEZ sold their assets in Romania to the Australians MIRA

By Jerom Bolt
The Australians from By Jerom Bolt
The Australians from Macquarie Infrastructure and Real Assets (MIRA), manager of alternative assets, announce that they have completed the transaction through which they acquire the Romanian assets of the Czechs from CEZ Group.
Seven Romanian companies (Distributie Energie Oltenia, Ovidiu Development, Tomis Team, MW Team Invest, CEZ Vânzare, TMK Hydroenergy Power and CEZ Romania) thus change their shareholder starting with March 31, 2021.
“Today, the sale of Romanian assets was concluded between CEZ Group and the funds managed by Macquarie Infrastructure and Real Assets (MIRA). The sale includes a total of seven Romanian companies, including the electricity distribution network, electricity supply and the largest onshore wind farm in Europe, from Fântânele – Cogealac, along with other companies. The acquisition agreement was signed last year, in October, and the transaction was approved by the European Commission “, according to a press release.
After 18 months from the beginning of the divestment process, the Romanian assets held by the CEZ Group were acquired by MIRA.
“After 15 years as part of the CEZ Group, Romanian companies have consolidated their role in the local economy and have significantly contributed to raising quality and innovation standards in the sector. I am convinced that MIRA, as a key player with significant experience in the field and with a long-term investment vision, will further strengthen our role and support the high level of expertise of our local team for a stronger portfolio, for the benefit of directly of the local economy and of our clients ”, says Ondrej Safar, CEO of CEZ Romania.
MIRA is the largest infrastructure manager internationally and is part of the Macquarie Group, ranked in the top 10 companies in Australia by market capitalization. MIRA currently has 12.5 GW of renewable energy capacity and 200,000 kilometers of electricity distribution networks in Australia, Austria, Finland, Spain and the United States of America in its investment portfolio.
“We need a stronger and more sustainable energy infrastructure to facilitate Romania’s growing electrification and its transition to a low-carbon economy. The business in the field of essential infrastructure in this portfolio will play an important role in transforming the energy system in Romania and we look forward to getting involved in its continuous development “, said Leigh Harrison, director of MIRA EMEA.
CEZ Group has been present on the Romanian market since 2005, with the takeover of the electricity distribution company Electrica Oltenia SA.
CEZ Vânzare was the main electricity supplier in southwestern Romania, but also a natural gas supplier, with a portfolio of domestic and industrial customers exceeding 1.4 million customers.
CEZ Group also owned in Romania the largest onshore wind farm in Europe, in the Dobrogea area, at Fântânele, Cogealac and Grădina. The wind farm was worth an investment of 1.1 billion euros and contains 240 wind turbines with a total installed capacity of 600 MW. The entire capacity of the CEZ wind farms was put into operation at the end of 2012.
Macquarie Infrastructure and Real Assets (MIRA) is one of the world’s leading alternative asset managers. As of September 30, 2020, MIRA manages approximately € 125 billion in assets that are critical to the sustainable development of economies and communities, including 147 portfolio businesses, approximately 500 real estate properties and 4.8 million hectares of agricultural land.
MIRA is part of Macquarie Asset Management, the asset management branch of Macquarie Group, a diversified financial group that provides clients with asset management and financing solutions, banking, consulting and risk and equity, debt and equity. Founded in 1969, Macquarie has 16,356 employees in 31 markets. As of September 30, 2020, Macquarie was managing assets worth 339.9 billion euros. (MIRA), manager of alternative assets, announce that they have completed the transaction through which they acquire the Romanian assets of the Czechs from CEZ Group.
Seven Romanian companies (Distributie Energie Oltenia, Ovidiu Development, Tomis Team, MW Team Invest, CEZ Vânzare, TMK Hydroenergy Power and CEZ Romania) thus change their shareholder starting with March 31, 2021.
“Today, the sale of Romanian assets was concluded between CEZ Group and the funds managed by Macquarie Infrastructure and Real Assets (MIRA). The sale includes a total of seven Romanian companies, including the electricity distribution network, electricity supply and the largest onshore wind farm in Europe, from Fântânele – Cogealac, along with other companies. The acquisition agreement was signed last year, in October, and the transaction was approved by the European Commission “, according to a press release.
After 18 months from the beginning of the divestment process, the Romanian assets held by the CEZ Group were acquired by MIRA.
“After 15 years as part of the CEZ Group, Romanian companies have consolidated their role in the local economy and have significantly contributed to raising quality and innovation standards in the sector. I am convinced that MIRA, as a key player with significant experience in the field and with a long-term investment vision, will further strengthen our role and support the high level of expertise of our local team for a stronger portfolio, for the benefit of directly of the local economy and of our clients ”, says Ondrej Safar, CEO of CEZ Romania.
MIRA is the largest infrastructure manager internationally and is part of the Macquarie Group, ranked in the top 10 companies in Australia by market capitalization. MIRA currently has 12.5 GW of renewable energy capacity and 200,000 kilometers of electricity distribution networks in Australia, Austria, Finland, Spain and the United States of America in its investment portfolio.
“We need a stronger and more sustainable energy infrastructure to facilitate Romania’s growing electrification and its transition to a low-carbon economy. The business in the field of essential infrastructure in this portfolio will play an important role in transforming the energy system in Romania and we look forward to getting involved in its continuous development “, said Leigh Harrison, director of MIRA EMEA.
CEZ Group has been present on the Romanian market since 2005, with the takeover of the electricity distribution company Electrica Oltenia SA.
CEZ Vânzare was the main electricity supplier in southwestern Romania, but also a natural gas supplier, with a portfolio of domestic and industrial customers exceeding 1.4 million customers.
CEZ Group also owned in Romania the largest onshore wind farm in Europe, in the Dobrogea area, at Fântânele, Cogealac and Grădina. The wind farm was worth an investment of 1.1 billion euros and contains 240 wind turbines with a total installed capacity of 600 MW. The entire capacity of the CEZ wind farms was put into operation at the end of 2012.
Macquarie Infrastructure and Real Assets (MIRA) is one of the world’s leading alternative asset managers. As of September 30, 2020, MIRA manages approximately € 125 billion in assets that are critical to the sustainable development of economies and communities, including 147 portfolio businesses, approximately 500 real estate properties and 4.8 million hectares of agricultural land.
MIRA is part of Macquarie Asset Management, the asset management branch of Macquarie Group, a diversified financial group that provides clients with asset management and financing solutions, banking, consulting and risk and equity, debt and equity. Founded in 1969, Macquarie has 16,356 employees in 31 markets. As of September 30, 2020, Macquarie was managing assets worth 339.9 billion euros.