Keppel Energy Switzerland, a subsidiary of Keppel Infrastructure, is paying €53.02 million ($58.7 million) for a 20 percent stake in MET Holding, one of the largest independent energy suppliers in Central and Eastern Europe.
The two companies are planning to enter into a strategic partnership to jointly explore investment opportunities in European energy infrastructure assets, according to Keppel Infrastructure.
Switzerland-based MET Group owns businesses in the natural gas, power and oil markets, focused on energy infrastructure and industrial assets in addition to multi-commodity wholesale, trading and sales, according to Keppel. MET Group is active in 26 natural gas markets and 22 international trading hubs, and it has a presence in 15 European countries.
“Our strategic investment in MET Group represents our first step into the dynamic European energy market,” said Ong Tiong Guan, CEO of Keppel Infrastructure. “Through this, we will not only gain expo
