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Vagyoneladás és a tulajdonosi struktúra változása az európai energiaszolgáltató szektorban 2010 és 2016 között
[Changes in asset sales and ownership structures in Europe s energy sector, in 2010 2016]

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  • Székffy, Klára

Abstract

Az elmúlt években az európai energiaszolgáltató szektorban zajló változások közül egyre nagyobb jelentőségűvé vált a vállalati vagyon értékesítése. Az eladott vagyonelemek köre igen széles volt, érintette az erőművi kapacitásokat, a villamosenergia-hálózatokat, a földgáz-infrastruktúrát, valamint teljes regionális vállalatcsoportokra is kiterjedt. Az energiaszolgáltatók által összeállított, általában több éven át tartó vagyonértékesítési programok megfogalmazott célja a vállalati eladósodottság mérséklése volt. A tulajdon újraelosztása során megváltoztak a vállalati méretek, átalakult az üzleti profil. A tulajdonosi viszonyok a villamosenergia- és földgázvagyon szinte minden szegmensében módosultak: növekedett a pénzügyi befektetők súlya, Európán kívüli, új befektetők is megjelentek. Mivel a tradicionális energiaszolgáltatók számára kedvezőtlen piaci feltételek tartósak, a vagyonértékesítési folyamat korántsem tekinthető lezártnak. Journal of Economic Literature (JEL) kód: L94.

Suggested Citation

  • Székffy, Klára, 2017. "Vagyoneladás és a tulajdonosi struktúra változása az európai energiaszolgáltató szektorban 2010 és 2016 között [Changes in asset sales and ownership structures in Europe s energy sector, in 2010 20," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 774-804.
    • Handle: RePEc:ksa:szemle:1712
    DOI: 10.18414/KSZ.2017.7-8.774
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    References listed on IDEAS

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    1. Lion Hirth, 2018. "What caused the drop in European electricity prices? A factor decomposition analysis," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
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    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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