Premier Energy acquires Macquarie's Romanian grid for $824 million

Premier Energy is buying Macquarie's Romanian power distribution network for $824 million, per Reuters. The transaction size places it among the most significant utility infrastructure deals in South-East Europe in the current cycle.

Romania's distribution networks have drawn intensifying buyer interest as the country pursues a large-scale renewables build-out that requires parallel grid reinforcement. Distribution assets offer regulated returns that are increasingly attractive against a backdrop of volatile wholesale prices across the region.

No closing date was disclosed in the Reuters report. Regulatory clearance from Romanian authorities will be a condition precedent standard for a deal of this scale in an EU member state.