Hungarian energy bid under review over Russia concerns, says Romanian minister

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Hungarian energy bid under review over Russia concerns, says Romanian minister
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Bucharest could mirror Spain’s recent decision to block a takeover on security grounds, says Sebastian Burduja

A Hungarian bid for a major energy provider in Romania is under review after suspicions arose about the motives behind the inflated offer, including fears of Russian influence, according to the Romanian energy minister. Hungary’s state-owned energy group MVM has recently outbid other companies interested in purchasing the Romanian gas and electricity provider owned by Germany’s Eon.

and potential implications in the energy market,” he said. “ investigate further, probably also asking for a viewpoint from the national security establishment.” “We will not allow Russian gas to enter the country,” Burduja said, adding that the country was working to exploit its own natural gas resources and buy additional supplies on the spot market.

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