Premier Energy to Buy Evryo Grid in Romania From Macquarie

Macquarie Asset Management has struck a deal to exit Evryo Group, handing control of one of Romania’s key electricity distribution networks to Premier Energy Group as the buyer pushes to strengthen its regional position in power infrastructure and the energy transition.

The transaction covers Evryo Group, whose core asset is Distributie Energie Oltenia, a regulated distribution operator serving south-western Romania. The network spans about 80,000 kilometers and connects roughly 1.5 million customers in the Oltenia region, making it a strategically important piece of the country’s power system.

For Premier Energy, the acquisition adds scale in a market where grid ownership is increasingly central to long-term growth. The company already operates across generation, distribution, and supply in Romania, Moldova, and Hungary, and the purchase aligns with its stated goal of becoming a broader regional energy-transition platform. Premier Energy is listed in Bucharest under the ticker PE.

Macquarie acquired Evryo in 2021 and is exiting after a period marked by heavy investment and operational upgrades. According to the company, Distributie Energie Oltenia invested more than RON 2.3 billion between 2021 and 2025, with a further RON 3.4 billion commitment through 2029 aimed at grid modernization, digitalization, and safety improvements. During Macquarie’s ownership, the distributor also cut the duration of unplanned outages by about 25% and reduced network losses by a similar margin.

That matters beyond a simple ownership change. Romania, like other markets in Central and Eastern Europe, faces a growing need to modernize aging grids to absorb more distributed generation, connect prosumers and support rising electrification. Distribution assets have become increasingly valuable because they offer regulated returns while also serving as a bottleneck for renewable integration.

In that sense, the sale reflects a broader trend: infrastructure funds are monetizing upgraded utility assets, while strategic energy companies are moving downstream and into networks that can anchor earnings and support longer-term expansion. For Premier, the appeal is not only scale but also the ability to build on a platform already positioned as a key enabler of Romania’s power transition.

Macquarie cast the sale as the culmination of a stewardship phase that improved resilience and operational performance during a volatile period for European energy markets. Premier, for its part, said it plans to continue the modernization and digitalization of the network, signaling continuity rather than a change in direction.