Swiss-based MET Group has decided not to proceed with the transaction to acquire 54.07% of shares in Achema Group, a leading producer of nitrogen fertilizer and chemicals in the Baltics. The legal disputes and the various uncertainties outweigh the potential benefits of continuing with the transaction.

“European industrial energy consumers’ gas contracts are almost entirely indexed to the Dutch TTF or other European gas exchanges, and continuing to stake their survival on a single benchmark would be a self-inflicted wound”, Gergely Szabó explained to Portfolio. The Regional Chairman of MET Central Europe argues that companies should index part of their gas procurement to the U.S. Henry Hub.

Swiss-based European energy company MET Group has appointed Noubi Ben Hamida as its new Chief Financial Officer for MET Holding AG. An international CFO with more than 25 years of experience in the energy sector, he will join MET on 16 June 2025 and support the company’s ambitious growth strategy.