The Committee for the Scrutiny of Foreign Direct Investments (CEISD) announced it has forwarded a proposal to the Supreme Council of National Defence (CSAT) to block the transaction.
MVM Energy, through its investment vehicle Sonnet Romania Holding, was seeking to acquire a 68.18% stake in E.ON Energie Romania and a 97.92% stake in E.ON Asist Complet. The deal was announced by MVM at the end of 2024 and expected to close during H1 2025.
The committee's recommendation comes after a detailed investigation, which began on February 14, 2025.
The review focused on the investor's profile and the potential implications for national critical infrastructure and Romania's energy security.
According to the legal framework, the final decision rests with the CSAT, which must issue its opinion within 90 days of the proposal being submitted. The CSAT's opinion is mandatory, meaning the rejection, if approved, would be final.
E.ON Energie Romania is one of the largest gas and electricity providers in Romania, with approximately 3.4 million customers. E.ON Assist Complet is a regional service company providing energy services related to infrastructure installation and maintenance.
MVM Group is present in 23 countries, with over 19,000 employees and a portfolio of more than 11 million customers.
