EGL’s Zenith buy exceeding business objectives, further growth sought

Italian enterprise EGL’s (Eni gas e luce) decision to fully acquire the Zenith gas and electricity supply company, covering Greece’s north, constitutes part of a wider strategic objective for further growth as one of Europe’s biggest gas and electricity retailers, highly ranked company officials have noted.

The Zenith investment, exceeding targets, highlights the Greek market’s prospects, both in gas and electricity, Eni officials pointed out.

EGL, an Eni corporate group subsidiary active in retail electricity and natural gas, is supported by a 1,600-strong workforce and caters to over 9 million customers in Italy, Greece, France and Slovenia.

Eni gas e luce nowadays stands as Italy’s biggest retail supplier of natural gas and second-biggest supplier of electricity.

The company, placing particular emphasis on customer experience, quality of services and a richer experience of additional services, is introducing to the Greek market trends and innovations already implemented in more mature European energy markets.

Zenith will continue placing greater emphasis on strategic growth through investments aiming to widen the customer base rather than takeovers, company sources, both at the parent company and its Greek subsidiary, have underlined.