Romania’s Hidroelectrica Says EBRD Eyes 10% Stake – Media

BUCHAREST (Romania), October 27 (SeeNews) – Romanian state-controlled hydro power company Hidroelectrica said the European Bank for Reconstruction and Development (EBRD) is interested in buying 10% of the company, Romanian media reported on Thursday.

“Some investors are interested. An EBRD official in London said the bank would like to acquire 10% of Hidroelectrica’s capital,” news portal Hotnews.ro quoted the company’s director Constantin Trihenea as saying.

If Romania decides to list the company, this can happen next year at the earliest, he added.

At Hidroelectrica's latest extraordinary general shareholders meeting in September, Romania’s economy ministry voted against the listing as the government needs to approve a privatisation strategy first.

The ministry owns 80% of Hidroelectrica and Romanian property restitution fund Proprietatea holds the remainder.

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