In 1999, the predecessor company that had belonged to Magyar Villamos Művek (Hungarian Electric Works - MVM) was transformed into a company limited by shares under the name Budapesti Elektromos Művek Rt (Budapest Electric Works). RWE Plus AG, and then Energie Baden Württemberg AG, the current key owners, have appeared in the ownership structure following the privatisation of the company. This supplier of electrical power operates in Budapest, Pest county and parts of the Jász-Nagykun-Szolnok and Nógrád counties. In almost all areas, ELMÜ operates in close cooperation with ÉMÁSZ, a partnership undertaking under the same ownership, including RWE. The two companies have jointly established Magyar Áramszolgáltató Kft (Hungarian Power Supply Company). This company aims to gain customers in the liberalised electrical energy market, as well as to maintain and increase the market share of the ELMÜ/ÉMÁSZ Group.
Note: When determining the Free Float for a particular series, all the securities of the company shall be regarded to be publicly held other than (i) the stock of securities held by holders with direct holdings of at least 5% of the total number of securities, (ii) securities in the possession of custodians, provided the certificate available to the custodian verifies that the particular person holds at least 5% of the total number of securities outstanding.
Management
Management Board
Marie-Theres THIELL (chairman), KÖVESDI Zoltán Endre, Hans-Günter HOGG, dr. Arndt BRANDENBERG
Supervisory Board
Emmerich ENDRESZ (chairman), Hermann LÜSCHEN, dr. BÖRCSÖK Dezső, KUNZER Ferenc, Martin HERRMANN, dr. Martin KONERMANN, NÉMETH Lajos
Last update: 31 Mar 2012
ELMŰ
Note: Publications of this issuer are available in Hungarian only.
