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Eighteen months after the start of the divestment process, CEZ Group has successfully concluded a transaction in which its Romanian assets have been acquired by funds managed by MIRA. Seven Romanian companies (Distributie Energie Oltenia, Ovidiu Development, Tomis Team, MW Team Invest, CEZ Vanzare, TMK Hydroenergy Power and CEZ Romania) are thus changing their owner. The sale is part of CEZ Group’s strategic plan to divest selected assets in some countries. In Romania, CEZ Group remains active in the area of trading (through CEZ Trade Romania) and providing modern energy services (through High-Tech Clima). In line with the new strategy, CEZ Group launched a divestment process of its Romanian assets in September 2019. A high level of competition among investors was maintained throughout the entire transaction. MIRA’s offer was the most attractive of all the submitted bids. The transaction was approved by the European Directorate-General for Competition and subs ....