EMMA Capital Strengthens Romanian Premier Energy

EMMA Capital is expanding its Romanian energy group, Premier Energy, through the acquisition of Evryo Group for approximately 17 billion CZK from the Australian investment firm Macquarie. Evryo Group owns Distributie Energie Oltenia, which supplies electricity to 1.5 million customers in the Oltenia region of southwestern Romania via an 80,000-kilometer network.

During its five years of ownership, Macquarie invested the equivalent of 11 billion CZK in modernizing Romania’s third-largest distributor. Thanks to these investments, it reduced transmission losses and the duration of grid outages by a quarter. Over the next three years, it had planned to make further investments in the distributor totaling over 16 billion CZK. Instead, however, it agreed to sell it.

Premier Energy had in 2024 already acquired a company from Macquarie - CEZ Vanzure, a Romanian electricity retailer formerly owned by ČEZ. With the current acquisition the Premier Energy will complete the final missing link in the energy chain and continue its ambition to become a regional leader. With 1,800 MW of generation capacity, the group is now the third-largest electricity supplier and the fourth-largest gas supplier in Romania. The company is also gradually expanding into other countries. With a 75% market share, it is the largest electricity supplier in Moldova, and in September 2025, it acquired a Hungarian portfolio of wind farms with a capacity of 158 MW.

Premier Energy has been listed on the Bucharest Stock Exchange since 2024 and is 71% owned by the investment holding company EMMA Capital. The transaction is subject to approval by shareholders and the relevant regulatory authorities. It is expected to be completed in the second half of 2026.