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Nuclearelectrica's IPO completed in late September

The initial public offering for the sale of new shares, representing 10 percent of the share capital in the power company Nuclearelectrica, was successfully completed through the Bucharest Stock Exchange (BSE) in late September, according to the Energy Department

October 2013 - From the Print Edition

Following the IPO, Nuclearelectrica's total increased share capital was EUR 70.2 million. The listing procedure was brokered by Swiss Capital and BT Securities, while the brokers' legal advisors were Musat & Associates and Hogan Lovells.
"Nuclearelectrica's listing on the Bucharest Stock Exchange is part of an ambitious project undertaken by the Government, through the privatization calendar, in conjunction with the International Monetary Fund," said Constantin Nita, the Minister Delegate for Energy. "Developing a complex financial ecosystem and stock exchange funding are essential for creating a modern financial and economic environment on the local market." Nuclearelectrica is one of the largest producers of energy, providing about 20 percent of all electricity produced in Romania. With a total installed capacity of 1,413 MWe, it uses two CANDU nuclear reactors that have been in operation since 1996 and 2007 respectively.



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