Hidroconstructia | Romania Feed

Romania’s Competition Council has approved a transaction whereby Electromontaj, which specializes in constructions for energy projects, acquired in September construction company Hidroconstructia and the companies it controls, respectively Hidroturism and Hidroedil.

Electromontaj, an energy company awaiting the Competition Council’s ok to take over insolvent Hidroconstructia construction firm, is offering a maximum RON119 million to seal the deal.

The three largest ongoing investment projects carried out on the local market by Hidroconstructia, one of the largest builders in Romania, are worth a total EUR90 million.

Hidroconstructia, one of the largest builders in Romania, plans to hire more than 100 foreign workers next year, to add to those it is already employing.