6.8 million euro ($7.7 million) before working capital and other adjustments and does not include Most Energy's renewable assets and battery storage projects, Metlen said in a press release.
Headquartered in Sofia, Most Energy is an energy trading company, serving 897 industrial and commercial high-consuming customers and acting as an aggregator for 143 clients.
Through the acquisition, Metlen aims to obtain a reliable operational platform in Bulgaria, enabling it to expand its customer base and enhance its physical presence in the country, it said.
The move aligns with Metlen’s broader plan to grow its portfolio of high-consuming industrial and commercial clients and supply of energy in Southeast Europe. By integrating Most Energy’s aggregator operations, Metlen will strengthen its place in the region, managing third parties’ and proprietary renewable energy unit portfolios.
The transaction is subject to due diligence, agreement on the business plan and clearance from the competent authorities.
Metlen Energy and Metals, founded in 1990, has a long-standing presence in Southeast Europe’s energy sector. Its operations span natural gas and electricity trading and supply, energy management and the development of renewable and energy storage projects.
(SeeNews, June 4, 2025)