IPO of Hidroelectrica on hold as Romania bans sale of state assets for two years
The long-awaited stock market listing of the flagship hydropower producer in Romania was postponed yet again. Lawmakers in Bucharest voted to freeze all activity aimed at the privatization of any part of state-owned companies and the measure includes the initial public offering – IPO planned for Hidroelectrica. The opposition, led by Social Democratic Party (PSD), […]
Hidroelectrica plans to install first offshore wind park in Black Sea
Romania’s biggest power producer laid out an ambitious long-term plan to its shareholders, leaning to a large extent on funds it expects from the European Green Deal. Hidroelectrica proposed to develop capacities in hydropower, biomass, photovoltaics, chargers for electric vehicles, hydrogen and wind turbines including an offshore wind park in the Black Sea of as […]
Hidroelectrica should look into Black Sea offshore wind potential, minister says
Romania’s acting economy and energy minister Virgil Popescu has said the country’s state-owned hydropower producer Hidroelectrica should consider tapping the Black Sea offshore wind potential, local media have reported. No studies of he Black Sea offshore wind potential have been done so far, and the idea has not been publicly debated, although there is potential, […]
Hidroelectrica to launch IPO in September 2020
Romania’s state-owned power utility, Hidroelectrica, will launch an initial public offering (IPO) on the Bucharest Stock Exchange in September 2020, local media reported. According to Hidroelectrica CEO Bogdan Badea, the most profitable state-owned company in Romania plans to list 10% of its shares in IPO. There is an option for dual listing, possibly in London […]
Hidroelectrica to hire law firm for IPO on Bucharest Stock Exchange
State-owned power utility Hidroelectrica has issued a public call to acquire legal services for conducting an initial public offering (IPO) on the Bucharest Stock Exchange, local media reported. The deadline for submitting offers is May 23. Hidroelectrica plans to sell newly issued shares and also existing shares, but also to finally lists on the Bucharest […]
Fintel Energija to start trading on BELEX on Nov. 20 as it completes Serbia’s 1st IPO in 80 years
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, will start trading on the Belgrade Stock Exchange (BELEX) on November 20, having successfully completed Serbia’s first initial public offering (IPO) in nearly 80 years, raising a total of some RSD 755.2 million, or around EUR 6.3 million, for a new wind farm […]
Fintel Energija to launch IPO on August 1
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, published the prospectus on July 25 for its initial public offering (IPO) on the Belgrade Stock Exchange (BELEX). Fintel Energija, which has a total of 25 million issued shares, will now offer 6.5 million shares at RSD 500 (about EUR 4.24) as part […]
Fintel Energija decides to raise up to EUR 27.5 million through IPO
Fintel Energija’s shareholders have reached a decision on a RDS 3.5 billion (EUR 27.5 million) capital increase through the initial public offer (IPO) the renewable energy company plans on the Belgrade Stock Exchange. The IPO is to be carried out through a listing on the prime segment of the Serbian stock exchange’s regulated market. “The […]