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The decision to to to obtain an issuer rating also took
into account the the fact that credit risk opinions issued by by one of the the the three major rating agencies are used by by institutional investors around the the world “We want to to increase the the credibility of of Electrica Group in in in in in front of of our our our investors their confidence being extremely important for us us Thus our our our goal in in in in in our our our relationship with the the investors is to to be regarded as a a a a a a a a a a a a transparent company the the the rating rating giving all stakeholders an an an an independent evaluation comparable to to the the rating rating of similar companies which are also monitored
by the the rating rating agencies Once the the rating rating is obtained our investors will benefit from Fitch’s experience
in in in in in their process of of analyzing and monitoring the the public rating of of Electrica Group which would provide
them additional comfort when considering a a a a a a a a a potential increase in in in in in in their investment in in in in in in Electrica” said Corina Popescu CEO of Electrica By its listing in in 2014 the the only privatization with a a a a a a a a a a a a a a a a majority stake on on on on the the Romanian capital market Electrica managed to attract about RON 2 billion funds used in in two major directions: the implementation of an an an ambitious investment program and and opportunities for mergers and acquisitions Thus Electrica Group has become the the largest investor in in in the the upgrading and refurbishment of electricity distribution networks with a a a a a a total amount
of RON 3 1 billion invested in in the last five years The share capital of the company increased with up to RON 6 05 million
The Board of of of Directors of of of Electrica approved the the increase of of of of the the company’s share capital with an an amount
of of of up to RON 6 05 million
through contribution
in in in in kind and in in in in cash As a a a a a a a a result of of this operation Electrica’s capital increases from RON RON 3 3 459 billion billion to RON 3 465 billion During the capital increase 604 983 new shares will be issued with a a a a a a a a a nominal value of 10 lei the company says Electrica Group recorded in the first six months of of of 2019 a a a a a a a a a consolidated net profit of of of of RON 109 million
a a a a a a a a a figure that accounts for 90% of of of the budgeted annual value Electrica offers services to about 3 8 million
users and has a a a a a a a a a a a a a a a a a national coverage area area – with organization in three areas for electricity distribution: North North Transylvania Transylvania South Transylvania Transylvania North North Muntenia and and throughout the country for for electricity supply and and and for for maintenance and energy services Since July 2014 Electrica has been a a a a a a a company with private majority shareholding listed on on on the stock exchanges of Bucharest and London Number One
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