Hidroelectrica IPO going ahead – great news for Fondul – On 28 March 2022, the Ministry of Energy in Romania, the majority shareholder of S.P.E.E.H. Hidroelectrica S.A., confirmed its agreement to hold a shareholders’ meeting of the company to approve the initiation of the listing of the company’s shares on the Bucharest Stock Exchange following a public offering of the company’s shares held by Fondul Proprietatea. Following Fondul’s efforts to start the listing process of Hidroelectrica, the shareholders’ meeting is scheduled for 31 March 2022. The fund intends to vote in favour of such proposal and thus expects the proposal to be successfully passed.
Fondul Proprietatea currently holds 19.94% of the issued share capital of Hidroelectrica and it accounted for almost two thirds (66.15%) of its NAV as at 28 February 2022.
FP : Hidroelectrica IPO going ahead – great news for Fondul