about us | newsletter | contact | archive | members area
Christian Traunfellner, Immofinanz
There is an increasing need for high-quality office properties»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Borza: Hidroelectrica would get one billion Euro for listing on the stock exchange

Hidroelectrica could get one billion Euro from listing on the stock exchange if the process would run this year, but the funds should go to the state budget, as the energy producer does not need the money, the company’s former judicial administrator Remus Borza said in a press conference.

2017-05-08 15:33:10

"Hidroelectrica has 500 million Euro in bank deposits," said Borza. "If we are to make the listing, which is a turning point for Hidroelectrica, there is no greater time than now to do it. Hidroelectrica can be listed at a multiple EBITDA of 15-20 times, which means the company has a value of 7.5 to ten billion Euro. At a 15 per cent listing this year, the state budget could get an extra one billion Euro."

According to Borza, Hidroelectrica does not need the money that could be obtained from a possible listing.

Romanian Government is willing to move the Hidroelectrica IPO process forward as quickly as possible, recently said Greg Konieczny, portfolio manager of Fondul Proprietatea and executive vice president within Templeton Emerging Markets Group, who had a meeting with Prime Minister Sorin Grindeanu.
According to him, there has been very little progress over the last few months in relation to this IPO process and a lot of decisions have been stalled within different committees and different levels of the Government.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  7930 Views
Daily Info
Ford confirms second vehicle for Craiova assembly plant in Romania, 200 million Euro new investment and 1,500 new jobs

Ford confirmed today it is investing up to 200 million Euro and adding an additional 1,500 jobs to manufacture a second vehicle at its Craiova Assembly Plant, in Romania.

Romatsa buys insurance policy for 8.4 million Euro

Romatsa, the state company that manages the air traffic control activity in Romania, has purchased insurance policies worth 39 million RON (8.4 million Euro) for its employees...

Romania's new cars sales hit 10-year record

Sales of new cars in Romania rose by 27.8 per cent in the first four months of this year, to 51,853 units, a 10-year high, according to the Automotive Manufacturers and Import...

Employees in Bucharest, Cluj, Timis and Ilfov best paid in 2018

Employees in Bucharest and the counties of Cluj, Timis and Ilfov are the best paid this year in terms of net average monthly earnings. At the opposite end are employees in the...

BearingPoint reaches 560 employees in Romania

Dutch management and technology consultancy firm BearingPoint has reached 560 employees in Romania and plans to continue hiring, local Profit.ro reported.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

2 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

1 Comment

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

1 Comment

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

2 Comments

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...