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From last decades, liberalizations of markets is a major change in the European economy. This book explains strategies of a state-owned company, towards its market s overture. The concrete example of the study is the Hungarian company MVM. This work helps to understand how a state-owned company can and may react after liberalization of it's market. The overture of markets such as electricity generates strong structural changes for all actors. Electricity market is complex due to technical aspects and strong national state-owned companies. Studying this sector in Hungary is relevant thanks to current economic system and geopolitics situation of the country.