June 28, 2017 4:09 AM ET

Electric Utilities

Company Overview of Magyar Villamos Muvek Zrt.

Company Overview

Magyar Villamos Muvek Zrt., together with its subsidiaries, operates in the electricity sector in Hungary and internationally. It is involved in electricity generation, transmission, and system operation activities. The company engages in generating electricity from nuclear fuels, coal, and wind energy; trading of electricity; coal mining operations; operation, guarding, and maintenance of facilities; and management and operation of reserve gas turbine power plants. It also operates transmission system and performs system control activities; provides project management services; builds network facilities; designs power engineering facilities; offers district heating services; and operates ga...

Szentendrei út 207-209

Budapest,  1031

Hungary

Founded in 1992

7,840 Employees

Phone:

36 61 304 2000

Fax:

36 61 202 1246

Key Executives for Magyar Villamos Muvek Zrt.

Chairman and Chief Executive Officer
Chief Executive Officer
Deputy Chief Executive Officer and Chief Financial Officer
Age: 51
Deputy Chief Executive Officer and Chief Legal & Operations Officer
Deputy Chief Executive Officer and Chief Executive Officer of Generation
Compensation as of Fiscal Year 2016.

Magyar Villamos Muvek Zrt. Key Developments

MVM Presents at Wilson Sonsini Goodrich & Rosati Medical Device Conference 2017, Jun-02-2017 08:10 AM

MVM Presents at Wilson Sonsini Goodrich & Rosati Medical Device Conference 2017, Jun-02-2017 08:10 AM. Venue: Palace Hotel, 2 New Montgomery Street, San Francisco, California, United States. Speakers: Bali Muralidhar.

Hungarian Electricity Works Reports Consolidated Earnings Results for the Year 2016

Hungarian Electricity Works reported consolidated earnings results for the year 2016. For the year, the company reported after-tax profit of HUF 48.4 billion. Revenue was HUF 1,034 billion. EBITDA was HUF 110.8 billion.

RWE Hungária and EnBW Energie Reportedly Considering All Strategic Options, Including Sale For Their Stakes In Matrai Eromu

RWE Hungária Kft. and EnBW Energie Baden-Württemberg AG, holding a 50.9% and a 21.7% stake in Matrai Eromu ZRt., respectively are reportedly looking at all strategic options their stakes in Matrai Eromu ZRt. "We are looking at all strategic options. That includes a sale," an RWE spokeswoman said on April 5, 2017. EnBW said it was looking at all options for its non-core assets, but would not comment on individual holdings. Hungarian newspapers Magyar Idok and Vilaggazdasag cited unnamed sources as saying bidders could submit offers for Matrai Eromu in two months. According to press reports, five companies are interested in a possible takeover of Matrai Eromu stakes. Potential firms interested in the takeover of Matrai are believed to be Energeticky a Prumyslovy Holding, a.s., CEZ, a. s. and Magyar Villamos Muvek Zrt. A spokesman for CEZ said the company was not interested. MVM declined to comment. Matrai Eromu and Energeticky a Prumyslovy were not immediately available for comment.

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Merger/Acquisition
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