Hidroelectrica, the crown jewel in the Romanian state’s portfolio, has published the convening notice for the Extraordinary General Meeting of Shareholders (AGA), a document that for the first time details the legal, financial and governance architecture of the proposed association with France’s EDF Power Solutions International for the Tarniţa Pumped-Storage Hydropower Plant (PSHPP).
Dutch group ING is in direct talks with Spanish group BBVA to see whether it can buy Garanti BBVA Romania, in a bid to more rapidly grow its foothold on the Romanian banking market and not lose ground to other banks under consolidation.