MET Hungary Zrt.'s (formerly MOL Energiakereskedő Kft) deed of foundation was ratified on 26 February 2007. On the basis of the natural gas trading licence issued by the Hungarian Energy Office, the Company Court registered the trading company, which was then 100% MOL Nyrt's ownership on 24 April 2007. MET Hungary began its active operation on 1 June 2007, with its main activities being the wholesale and retail trading of natural gas.
On 18 December 2009, Normeston Ltd gained a 50% share in the company. The Company's, and its laterformed Austrian, Romanian, Slovak, Croatian and Swiss subsidiaries' shared aim, in accordance with their mission, was to enter the international natural gas markets.
The company group's dynamic growth in the traditional European natural gas markets required organisational restructuring. As a result of this, on 15 November 2012, NormestonLtd's 50% share was taken over by Explorer Liquid Fund Ltd. financial investment fund. As of 23 November 2012, the MET Group's ownership structure has been as follows:
- 50% shareholder: WISD Holding Ltd.*
- 40% shareholder: MOL Nyrt./Ticinum Kft.
- 10% shareholder: MET ManCo AG
* RP Explorer Fund Ltd. has changed its name to WISD Holding Ltd. effective as of 28 February 2014.
In 2013, the group opened up towards a new branch of business, the electricity market, thereby expanding its range of products.
The organisational restructuring not only meant a change in ownership, but also a reorganisation of the MET Group's structural set-up. A detailed introduction of the members of the MET Group can be found at the group's organisational set-up page.
MET Hungary Zrt'.s aim is to provide flexible, reliable and calculable services for its business partners, and the on-going improvement of these services through innovative tools.
MET Hungary Zrt. is committed to the continuous development of the company and the training of its employees in order to improve its performance. Both the individual and the team work of our recognised and qualified employees is determined by our mutual strategic goals.
- Company name: MET Hungary Zrt.
- Company type: Private Limited Company
- Headquarters: H-1068 Budapest, Benczúr u. 13/b, Hungary
- Tax number: 14927939-2-44
- Company registration number: 01-10-046485