about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   INFRASTRUCTURE   |   GREEN   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Hidroelectrica and Electrica go on the stock exchange in June

State-owned power companies Hidroelectrica and Electrica shares will be listed both on Bucharest Stock Exchange and London Stock Exchange in June, sources quoted by Mediafax newswire stated recently.

2014-01-09 17:46:47

Minister Delegate for Energy, Constantin Nita also stated that shares of Complexul Energetic Oltenia will be listed in October. October brought in 2013 a listing success on the BSE gfor Romgaz IPO. At that time, the demand for Romgaz shares throng the ongoing IPO exceeds expectations as investors submitted firm orders worth 1.8 billion lei, Lucian Anghel, president of Bucharest Stock Exchange stated in October.

Romgaz IPO has been one of the most anticipated events in 2013. The Government first spoke about the possibility of listing Romgaz on the Stock Exchange in 2004, with a minuscule stake of just 5 percent of the share capital. Besides the many changes and second thoughts with regards to the stake to be listed or the way it should be done, the wonder really happened on 22 October 2013, and it meant the largest listing of a Romanian state-owned company.

Romgaz sold 15 percent of its shares on the Stock Exchange through its initial public offering for RON 1.7 billion (EUR 382.8 million), very close to the target, namely EUR 415.6 million. The listing of Romgaz was the first operation though which the state sold some of its shares as Global Depository Receipts (GDR), on the London Stock Exchange. The GDRs accounted for 36 percent of the offer. Still, Romgaz will not benefit from any of the funds it got from its listing, as all money will go to the Development Fund.

Read more about the listings in energy here: http://www.thediplomat.ro/articol.php?id=4391



COMMENTS
'.$nr_comm.' comment:
'; } else { echo 'There are '.$nr_comm.' comments:
'; } while ($row = mysqli_fetch_array($result, MYSQLI_ASSOC)) { echo '
'.$row['nume'].": on ".$row['data']."
"; //echo str_replace('\n','
',$row['comentariu']); echo nl2br($row['comentariu']); echo '
'; } ?>

0 Comments  |  6899 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...

 
 
   
advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

2 Comments

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

3 Comments

Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...

1 Comment

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

1 Comment

Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.

1 Comment

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

1 Comment

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...