E.ON Buys Gas Distribution Companies from Nova Gradiska and Kutina

Total Croatia News



ZAGREB, July 9, 2020 – The E.ON Croatia energy company on Thursday acquired two gas distribution and retail companies – Plin-Projekt from Nova Gradiska and Moslavina Plin from Kutina, becoming the third-largest gas distributor in Croatia with 43,000 customers.

With the acquisition of Plin-Projekt and Moslavina Plin, E.ON Croatia has become the 100% owner of another two gas distribution and retail companies with 19,000 customers, the company said in a statement on Thursday without disclosing the value of the transaction.

In recent years, E.ON has taken over two gas companies in Croatia – Koprivnica Plin and Montcogim Plinara. With the latest acquisitions, E.ON has become the largest gas distributor in the country, with 43,000 customers within the 1,650-km gas network.

“We are successfully continuing to achieve our strategy to become one of the leading companies on the Croatian gas distribution market,” CEO Karl Kraus said in the statement.

Until this year E.ON Croatia had operated under the name RWE. As a result of the reshuffling of the European energy market, German energy giant E.ON took over RWE’s subsidiary Innogy, of which RWE Croatia and its affiliates were part.


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