MVV Energie AG has signed an agreement to sell 100 percent of its Czech activities (MVV Energie CZ) to Cube Infrastructure Managers, an independent European mid-market infrastructure investor, through its Cube Infrastructure Fund III.
The energy group MVV Energie CZ provides services to customers in 15 cities and is among the leading producers and distributors of heat in the Czech Republic. The group is also engaged in high-performance electricity generation, waste-to-energy production, energy consulting, water management and the provision of electronic communications services. It offers stable employment to its almost 500 members of staff in the regions. In 2021, MVV Energie CZ sold approximately 690 gigawatt-hours of heat and approximately 170 gigawatt-hours of power in the Czech Republic and generated €78 million ($79.4 million) in revenue.
“MVV is proud of the development of MVV Energie CZ since the beginning of our engagement in the Czech market,” said Ralf