IENE News & Announcements
Romania to List Hidroelectrica and Electrica in June
Posted: Friday, January 10, 2014
Romanian state-run energy companies Hidroelectrica and Electrica will be
floated in June at both the
Bucharest
and
the
London
stock
exchanges, Minister Delegate for Energy Constantin Nita told news agency
Mediafax.
The listings will be followed by an initial public offering of 15% in energy
holding CE Oltenia in October, Nita added.
Romania
plans
to sell 15% in hydropower generator Hidroelectrica, the largest electricity
producer in the country, and 51% in electricity distributor and supplier
Electrica.
The Eastern European country drew strong investor demand for the shares of
state-run natural gas producer Romgaz in a public offering that ran in October
2013 in
Bucharest
and
London
.
Romania
sold
15% in Romgaz for 1.7 billion lei ($534 million) in the IPO, valuing the
company at RON11.6 billion.
The privatization of the three companies is included in
Romania
's
agreements with the International Monetary Fund and the European Commission.
(DowJones)