Majority owner of Hungarian electricity distributor and supplier Demasz Nyrt, EdF International, has successfully completed its public purchase offer for all ordinary shares in Demasz, bringing its stake to 95% of the share capital.

The total purchase price for the shares tendered in the offer, equivalent to more than a third of the equity, is HUF 25.289 billion ($129 million).

EdF stated intention is to now exercise its right to purchase the remaining Demasz shares