News Updates

ALTEO Group has commenced operations for the company’s first solar power plant in Monor. The company has acquired the rights of ownership for the plant through the acquisition of two photovoltaic project companies back in November 2017.

Please be informed that in order to simplify the ownership structure of the ALTEO Group, certain assets of Sinergy Kft. will come under the ownership of ALTEO Nyrt. as of 1 October 2018.

Starting today, ALTEO’s shares – previously in the Standard category – are trading in the highest, Premium category of the Budapest Stock Exchange. As the symbolic certification of the reclassification, trading on 12th September was opened by Attila Chikán jr., CEO of ALTEO, with the bell of the stock exchange.

ALTEO Group integrates a new photovoltaic power plant to its portfolio in the near future.

The natural gas service provider of Nemzeti Közművek and ALTEO Group have signed the sales contract for the majority shares of Zugló-Therm power plant. Following the fulfillment of the terms recorded in the contract, Sinergy - member of ALTEO Group - will be the sole owner of Zugló-Therm.

At the beginning of December 2017, ALTEO Group closed the deal of acquiring Domaszék 2MW Kft. to become the owner of nearly 2 megawatt photovoltaic power plants at Domaszék near Szeged - the first operating solar unit in the ALTEO Group’s power plant portfolio.

ALTEO had compiled a comprehensive Sustainability Report for the first time this year, which won the first place in the best first report category of Deloitte Hungary's Green Frog Award.

ALTEO Group's parent company, ALTEO Plc., held an extraordinary General Meeting on November 8 2017, on which the shareholders decided to divide the company’s share by one to eight without any changes in the capital funds.