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Romanian Govt OKs Hidroelectrica, Nuclearelectrica IPOs

The Romanian government Wednesday approved selling stakes of 10% in power producers Hidrolectrica and Nuclearelectrica, as per an agreement with the International Monetary Fund.

Florentina Dragu · 18 ianuarie 2012 · 1 min de citit

The two initial public offerings will be used to increase the share capital at both companies, the government said in a statement.

Under a memorandum of understanding with the IMF, Romania’s government pledged to sell minority stakes in Hidroelectrica and Nuclearelectrica with a view towards generating sizable additional investment in the energy sector.

The public offering for Hidrolectrica’s shares will be concluded by end-October. The IPO for Nuclearelectrica wasn’t announced yet.

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