Macquarie Asset Management agrees to divest Evryo Group’s power distribution network

Macquarie Asset Management (Macquarie), on behalf of Macquarie European Infrastructure Fund 6 (MEIF6) and other Macquarie-managed funds, has reached an agreement to divest its interest in Evryo Group to Premier Energy Group. Premier Energy Group is a vertically integrated energy and power infrastructure company, with generation, distribution and supply operations across Romania, Moldova and Hungary, listed on the Bucharest Stock Exchange.

Macquarie invested in Evryo Group in 2021. Evryo Group is the owner of Distributie Energie Oltenia (DEO), a regulated electricity distribution network active in the south-western Romanian region of Oltenia. DEO develops, maintains, and operates the grid to safely supply electricity across 80,000 kilometres of network, connecting 1.5 million customers.¹

Between 2021 and 2025, DEO invested over RON 2.3 billion with a further commitment to invest RON 3.4 billion by 2029² to modernise its network, digitalise its operations, as well as strengthen workplace health and safety. These efforts have significantly improved the network’s quality and resilience, while enhancing customer experience.

Supported by a high-performing operational team, DEO has become a market leader in reliability during Macquarie’s stewardship, achieving a ~25 per cent reduction in the duration of unplanned interruptions and a ~25 per cent decrease in network losses³. DEO has also been a key enabler of Romania’s energy transition, accelerating the grid modernisation and development to integrate prosumers and renewables, and supporting the country’s electrification efforts.

Since 2021, DEO has also implemented a comprehensive Occupational Health and Safety Transformation programme aimed at implementing a safety culture and core safety principles, while fostering a secure working environment for both employees and contractors’ employees.

Stéphane Brimont, Managing Director at Macquarie Asset Management, said: “We are proud to have supported Evryo Group over the years of Macquarie’s ownership, backing DEO’s growth as a cornerstone of Romania’s energy system. Our investment has strengthened DEO’s operational performance and network resilience, including through periods of significant energy disruption in recent years. These efforts have helped deliver a smarter, more resilient electricity system for Romania.  We look forward to seeing its continued progress under Premier Energy Group’s stewardship.”     

Premier Energy Group’s CEO, Jose Garza, said: “This is an important milestone in the development of Premier Energy and a key part of our strategy to become a regional leader in the energy transition. We understand the importance of DEO within the Romanian energy landscape and are fully committed to its future. By building on the foundation already in place, we will continue the modernisation and digitalisation path, ensuring a resilient and efficient asset that meets the evolving needs of our customers and the broader energy market.”

The transaction is expected to reach financial close in the second half of 2026, subject to regulatory approvals and satisfaction of customary closing conditions.

1. Company information, https://www.distributieoltenia.ro/ro.
2. Company information, https://www.distributieoltenia.ro/ro. MAM Analysis, as at December 2025.
3. Report on the achievement of performance indicator of electricity transmission and distribution services in the technical condition of electricity transmission and distribution networks for 2025, published by ANRE