Energie Steiermark Acquires Majority Stake of Gas Supplier in Belgrade

EnergyOil & Gas ♦ Published: January 10, 2011; 20:06 ♦ (Vindobona)

67% of Serbian Beogas are being taken over by the Styrian energy company.The concession covers a service area in the Serbian capital, with over 400,000 customers.

Energie Steiermark Acquires Majority Stake of Gas Supplier in Belgrade / Picture: © Vindobona.org

Energie Steiermark is continuing its expansion in South Eastern Europe and takes over the majority of the Beogas gas supply company of Belgrade. The privately owned company has a market share of 60% of the gas distribution of the Serbian metropolis and owns gas concessions for the supply of about 410,000 inhabitants. "We see the way for sustainable growth by this acquisition,"…