Renewable energy projects and energy storage systems (BESS) of Most Energy are excluded from the acquisition.
Most Energy, based in Sofia, Bulgaria, is an energy trading company serving 897 high-consumption industrial and commercial (B2B) clients. It also acts as a Collective Representation Entity (ΦΟΣΕ) for 143 customers.
Through this acquisition, METLEN aims to establish a strong operational base in Bulgaria, facilitating the expansion of its existing client portfolio and strengthening its physical presence in the country.
This move is part of METLEN’s broader strategic plan to grow its high-consumption industrial and commercial customer base and boost energy supply activities in Southeast Europe. METLEN will provide energy supply solutions integrated with risk management tools to ensure predictability, competitiveness, and energy flexibility for its clients.
Additionally, leveraging Most Energy’s role as a Collective Representation Entity, METLEN will manage portfolios of third-party and proprietary renewable energy units, further strengthening its position in the region.
METLEN has a long-established presence in the Southeast European energy market. Through strategic partnerships and investments in innovative energy solutions, it operates a diverse portfolio including natural gas and electricity trading and supply, energy management, and development of renewable energy and storage projects.
The transaction is valued at €6.8 million, subject to adjustments for working capital and other conditions, and pending due diligence, business plan agreement, and necessary regulatory approvals.
