Tuesday, 18 November 2025
HAGAG Europe Development diversifies its operations in Romania and enters the energy sector through the acquisition of BTD Distribuție și Furnizare, a Romanian company specializing in infrastructure development, distribution, and supply of natural gas.
Moreover, the investor has opened a new local division to operate under the sub-brand Hagag Energy, and plans to invest over EUR 400 million on the energy market, for the further expansion of its presence in the sector, over the upcoming years.
“Over the past eight years, our real estate developments have redefined Bucharest’s urban landscape. Today, we are expanding our vision beyond buildings, taking a first step towards the evolution of the group here in Romania. We continue to be a trusted real estate developer, while also striving to establish ourselves as a strategic player in the energy sector, all guided by the core values that define us — long-term vision, innovation, reliability, quality, and the unwavering commitment to deliver positive social and economic impact. The distribution and supply of natural gas is, for us, just the starting line, as our global vision is to expand our company’s presence across more than one segment of the energy industry, in line with our approach in the real estate sector.”, said Yitzhak Hagag, Cofounder and Chairman of the Board of Directors of Hagag Europe Development.
