Swiss-based integrated energy company MET Group has signed a Share Purchase Agreement (SPA) to acquire the remaining minority stake in MET Slovakia a.s. Upon completion of all closing conditions, MET Group will become the 100% owner of the Slovakian energy sales company.

Swiss-based energy company MET Group announces entry into the Polish market through its Warsaw-based subsidiary MET Polska. Operations will focus on supporting large energy-intensive enterprises as well as SMEs and renewable energy producers. As part of the Group’s international expansion strategy, Poland is the 21st country where MET establishes a subsidiary.

MET Group has finalised the Heads of Agreement with Keppel Ltd.’s Infrastructure Division, together with a licensed LNG importer, for the long-term LNG cargo deliveries of 0.5mtpa. This deepens the partnership between MET and Keppel, who has 10% shareholding in MET. To be supplied from MET's solid European import portfolio of LNG, this partnership will enhance the security of supply in Singapore.