Premier energy expands in Romania with major grid acquisition

Friday 17 April 2026 - 07:30

European utility company Premier Energy has announced an agreement to acquire a major electricity distribution network in Romania from Macquarie Group in a deal valued at approximately $824 million.

The transaction involves the purchase of assets linked to Evryo Group, including control over a key regional grid operator in southwestern Romania. The network plays a crucial role in delivering electricity across the Oltenia region, an area considered strategic for the country’s energy infrastructure.

By taking over the distribution system, Premier Energy aims to strengthen its footprint in Romania, which represents one of its core markets. The acquisition is expected to help address gaps in electricity distribution and support growing demand driven by economic development and energy transition efforts.

The seller, Macquarie, is divesting the asset through its asset management division as part of a broader portfolio strategy. The move reflects a trend among global investors to rebalance holdings in infrastructure while capitalizing on favorable market conditions.

Premier Energy indicated that it may explore financing options such as a bond issuance to support the transaction. This approach would allow the company to manage capital efficiently while maintaining flexibility for future investments.

The deal is anticipated to be finalized in the second half of 2026, pending regulatory approvals and customary conditions. Analysts view the acquisition as a significant step in consolidating energy distribution networks in Eastern Europe, where modernization and reliability remain key priorities.