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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

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RO minister says Hidroelectrica IPO scheduled for H2 next year

The minister of energy, Virgil Popescu, declared in an interview for Reuters, quoted by Bursa, that in 2022 a 15% package of Hidroelectrica shares will be listed on the stock exchange.

The IPO, expected with interest by investors and Fondul Proprietatea, has been constantly deferred over the past years. Under the initial plans, the IPO was designed as the issue of new shares.

"We want to complete the listing procedures in the second half of next year. It may be in the third or fourth quarter, but it will be in 2022." Virgil Popescu told Reuters.

"The listing procedures are suspended by a populist law passed by the previous parliament. Their resumption will take longer," he added.

Hidroelectrica, which came out of insolvency in 2017 after five years, supplies almost 30% of Romania's electricity needs with green energy from about 200 hydropower plants built during communism along with Romania's river network.

The law mentioned by minister Popescu (137/2020) was promoted and passed by the Social Democrats (PSD), Adevarul reported.

It bans the sale of state assets over a two-year period (starting 2020) on grounds that the prices would be too low during the Covid crisis. The law will cease producing effects before the end of 2022 - hence the Liberal (PNL) Government does not even have to abrogate it. 

(Photo: Hidroelectrica Facebook Page)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

RO minister says Hidroelectrica IPO scheduled for H2 next year

The minister of energy, Virgil Popescu, declared in an interview for Reuters, quoted by Bursa, that in 2022 a 15% package of Hidroelectrica shares will be listed on the stock exchange.

The IPO, expected with interest by investors and Fondul Proprietatea, has been constantly deferred over the past years. Under the initial plans, the IPO was designed as the issue of new shares.

"We want to complete the listing procedures in the second half of next year. It may be in the third or fourth quarter, but it will be in 2022." Virgil Popescu told Reuters.

"The listing procedures are suspended by a populist law passed by the previous parliament. Their resumption will take longer," he added.

Hidroelectrica, which came out of insolvency in 2017 after five years, supplies almost 30% of Romania's electricity needs with green energy from about 200 hydropower plants built during communism along with Romania's river network.

The law mentioned by minister Popescu (137/2020) was promoted and passed by the Social Democrats (PSD), Adevarul reported.

It bans the sale of state assets over a two-year period (starting 2020) on grounds that the prices would be too low during the Covid crisis. The law will cease producing effects before the end of 2022 - hence the Liberal (PNL) Government does not even have to abrogate it. 

(Photo: Hidroelectrica Facebook Page)

andrei@romania-insider.com

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