Hogan Lovells advised EDF in relation to the sale of the whole of EDF stake in EDF DEMASZ Zrt, its Hungarian subsidiary, to ENKSZ ("Elso Nemzeti Kozmuszolgaltato Zrt."). This announcement follows the receipt of both the approval by the Hungarian regulator of the energy sector and the authorization by the French Ministry of Economy.

The transaction values the 100% stake of EDF in EDF DEMASZ Zrt at approximately 400 million euros, and is a new step forward in the execution of EDF's disposal plan for the 2015-2020 period.

The Hogan Lovells team acting for EDF was made up of Xavier Doumen (partner), Arnaud Levasseur (Counsel), Mathieu Frick and Alexandre Jeannerot (associates). Hogan Lovells was assisted by the Hungarian law firm Lakatos, Koves es Tarsai Ugyvedi Iroda (Peter Lakatos and Fazakas Balazs and Gyorgy Toth).