Essent satisfies Hungary appetite
Essent Trading has executed its first deals in the Hungarian power market - for monthly power products - with investment bank Merrill Lynch and German utility RWE.
Prior to the beginning of 2007, foreign companies wishing to trade in Hungary's power market faced high barriers to entry, as they had to establish a local licensed entity. However, recent simplifications of the licensing requirements have opened up the market to foreign players.
Remco Frenken, vice president of structured origination
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