User:Kisscsi/MET Group

MET Group, headquartered in Switzerland, is a European energy company with activities in natural gas, power and oil, focused on multi-commodity wholesale, trading and sales, energy infrastructure and industrial assets. MET was founded in 2007 by MOL (Magyar Olaj- és Gázipari Részvénytársaság, Hungarian Oil and Gas Public Limited Company). MET Holding AG, the parent company of MET Group, was launched in 2012 and is a privately held joint stock company owned by Benjamin Lakatos.

Ownership/Shareholders
In 2018, MET Group transformed into a management-owned company. 80% majority stake of the Group is owned by MET Capital Partners AG, an investment platform of MET Group CEO Benjamin Lakatos. MET Group managers and employees participate via a share program through MET ManCo AG, which has 20% share of the company.

Asset portfolio
MET Group is present in 15 countries and is active on a total of 23 international trading hubs and in 28 national gas markets:


 * MET traded 35 BCM of natural gas in 2017 also having LNG transactions (European natural gas consumption in 2017 was 465 BCM.)
 * MET signed a Share Purchase Agreement with Italian ENI in December 2017 to purchase 98.99% of Tigáz Zrt’s registered capital, the transaction was closed on 21 June 2018.
 * MET Group closed its HUF 5 billion Project Financing Facility for its subsidiary MET Dunai Solar Park Kft. in 2018, in line with its focused growth strategy into renewable energy production. MET Dunai Solar Park started its operation in 2018 Q3.

Category:Business Category:Companies