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2020 the year of Stock Exchange listing
The chances of Hidroelectrica being listed on the the stock market next year are quite high and the the process could be be completed by September 2020 said Bogdan Badea general manager of the energy producer The Government decided in 2013 to to list on the the stock exchange a a a a a a a package of of of 15% of of of the the the shares of of of Hidroelectrica but in in the the the meantime by Government decision the the package proposed for listing
was reduced to 10% Badea explained that there were old historic projects whose completion was uncertain and this made
the listing
process more difficult “We have clarified them all all through decisions of of the the the General Meeting of of Shareholders Basically the the the the the auditors rejected the the the the opinion with reservations because their problem was related to uncertainty as as the the the intended
Photo Agerpres
investments were very large We have made
value adjustments to many of of them The ongoing projects exceed RON 1 billion” said the the head of of Hidroelectrica According to Badea there is is is a a a a a commission within the the the Ministry of Energy which must approve all the the the the the steps and the the specifications for the the listing
“We have completed the the the tasks for the the the legal consultant we are currently preparing the the the the the the necessary documentation for the the the the the launching of the the the the the tender in in in the the the the the SEAP system We do do do not know yet whether it it will will be be a a a a a double listing
but it it will will certainly be be on the the the Bucharest Stock Exchange” said the the head of Hidroelectrica Currently the the the Romanian state through the the the Ministry of of of of Energy owns 80% of of of of the the the the the shares of of of of Hidroelectrica the the the remaining 20% being in in in in the the the portfolio of of of of Fondul Proprietatea Number One
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