MET Asset Management Support Zrt (formerly known as MET Power Magyarország Kft) was established in 2013, as a subsidiary in charge of managing MET Group’s electricity retail and wholesale operations.
MET Group, on account of the increasing support for its expanding asset portfolio, renounced its electricity trading licence in 2018 and is no longer conducting any commercial activity subject to such licence. The renaming is intended to reflect this change.
In recent years, the Company’s commercial activity was gradually giving way to fulfilling the support roles required by the management of Dunamenti Power Plant and Tigáz, two new acquisitions under the group’s belt. Besides that, the provision of business development support to the group’s expansion strategy has become MET Asset Management Support Zrt’s primary objective.