The Government intends to list electricity distribution companies
Raiffeisen Capital & Investment - 1 February 2012
According to media sources, the Ministry of Economy has issued a government decision for the listing on the Bucharest Stock Exchange (BVB) of stakes of 15% in electricity distribution companies Electrica Distributie Transilvania Sud, Electrica Distributie Transilvania Nord and Electrica Distributie Muntenia Nord.
The legal consultant should be selected until February 15, but no deadline has been provided for the closure of the privatization. Fondul Proprietatea (FP) holds a stake of 22% in each of the distributors, the rest of 78% being held by Electrica. If realized, the IPOs will liquidize the Funds portfolio, thus we view the news as positive on the longer run, while on the short run it should be neutral for FP''s shares.
Source: http://www.rciro.ro
Tags: bvb
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