On July 19, 2023, the sale of the Szarvas Biogas Plant, owned by BayWa AG, was completed, with the MOL Group as the acquiring party. The exclusive transaction advisor for BayWa AG was Concorde MB Partners.
The Szarvas Biogas Plant is Hungary’s largest facility of its kind, producing over 12.5 million cubic meters of biogas annually. Operating under a diversified business model, the plant generates electricity and also generates revenue through the sale of fertilizers and green energy certificates.
BayWa AG is a multinational company based in Germany, providing a wide range of services in the agricultural and energy industries. Established in 1923, the company engages in the trading of agricultural products, agricultural participation, logistics, and the development of renewable energies. BayWa AG continually strengthens its position in the sustainable energy market, contributing to food security and the adoption of new green energy sources.
The MOL Group is Hungary’s leading oil and gas company, operating in various countries and regions. Their activities encompass oil and gas production, refining, fuel trading, and the chemical industry. Emphasizing the development and utilization of renewable energy sources, the acquisition of the Szarvas Biogas Plant represents another step for MOL towards sustainable energy usage and the promotion of green energy production while reducing greenhouse gas emissions.
“We are extremely pleased with the exceptional service provided by Concorde MB Partners during our collaboration. The team demonstrated remarkable accessibility and seamless communication, ensuring swift progress throughout the project. Their thorough preparation and follow-up for crucial meetings showcased their professionalism. We appreciated the successful market approach, yielding outstanding results. Despite a few minor hiccups in the process, Concorde MB Partners addressed them diligently and maintained a stable and amiable team dynamic since the initial pitch. Driven by their expertise and dedication, we highly recommend Concorde MB Partners to others seeking top-notch financial advisory services.” – Dr. Jörg Wössner, BayWa AG
