State-owned MVM Zrt. has become the sole owner of Hungary’s national utility company NKM Nemzeti Közművek Zrt.
As the only shareholder in MVM, the Hungarian state has carried out a HUF 13.4 billion capital increase in the company, i.e. by the minority shareholding it had in NKM. As a result, NKM has become a 100%-owned subsidiary of MVM. The services offered by the new energy holding created by the complete merger of NKM Group covers the entire spectrum of the energy value chain.
MVM Group’s income has been showing an ascending trend, whereas it profits mostly stagnated over the last few years.