The Government approved the listing of Nuclearelectrica and Hidroelectrica
Raiffeisen Capital & Investment - 19 January 2012
According to media sources, the Government approved yesterday the listing of 10% of the share capital of hydro power generator Hidroelectrica and nuclear power generator Nuclearelectrica through share capital increases on the Bucharest Stock Exchange (BVB).
According to the schedule agreed between the IMF and the Government, the offers should be finalized until the end of this year. Given that Fondul Proprietatea (FP) has stakes in the two companies, if realized, the IPOs will liquidize the Fund's portfolio, but the news was expected and thus we rate it as neutral.
Source: http://www.rciro.ro
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