Hidroelectrica, Romania’s biggest energy producer and the largest company listed on the Bucharest Stock Exchange, is set to benefit from Issuer Market Maker services provided by BRK Financial Group starting with March 7th.
Hidroelectrica (H2O.RO), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, ended the first nine months of 2024 with a net profit of RON3.5 billion, 32% lower than in the year-ago period, it said in its financial report published on bvb.ro on Thursday evening.
State-run electricity producer Hidroelectrica (H2O.RO) chief investment officer Bogdan Badea sold 1,032 Hidroelectrica shares for RON128.8, the company said in a report to the Bucharest Stock Exchange on Monday.
A year after the biggest listing in the history of the Bucharest Stock Exchange, the EUR2 billion one of Hidroelectrica (H2O), Bogdan Badea, chief investment officer at the green energy producer, says the company will announce new investment projects in the coming period.
Karoly Borbely, a former telecommunications minister and the man who supervised the largest share sale in the history of Romania, the RON9.3 billion sale Fondul Proprietatea used to exit Hidroelectrica (H2O.RO), was appointed chief executive of Hidroelectrica, the company said in a report to the Bucharest Stock Exchange.
Investment giants with assets of thousand billion dollars such as US fund BlackRock, Goldman Sachs, one of the biggest investment banks in the US, and the sovereign wealth fund of Singapore, each subscribed over EUR100 million in Hidroelectrica listing, according to sources close to the deal.
Law firm Filip & Company assisted Fondul Proprietatea in the sale of its stake within Hidroelectrica IPO totally worth RON9.3 billion.
Fondul Proprietatea, managed by US-based Franklin Templeton, has raised RON9.3 billion (EUR1.9 billion) by entirely selling on the bourse the 20% stake it held in Hidroelectrica, the biggest hydropower producer in the region, in Europe’s largest IPO in 2023.
The largest share sale in the history of Romania ended on Tuesday, July 4 at 12 p.m., with the closing of the initial public offering of electricity producer Hidroelectrica (H2O.RO), where minority shareholder Fondul Proprietatea (FP.RO) put up for sale 78 million shares for about RON8.8 billion.
Retail investors subscribed RON5.9 billion worth of Hidroelectrica (H2O.RO) shares in the first seven days of the IPO, so their tranche is almost 450% or 3.5 times oversubscribed, ZF has found by aggregating data from brokers’ platforms. They introduced subscription orders for 52.65 million Hidroelectrica shares.
Plastic packaging maker Romcarbon (ROCE.RO) has notified investors via a report to the Bucharest Stock Exchange that during the June 28, 2023 meeting its Board of Directors unanimously approved having the company subscribe in the initial public offering of Hidroelectrica (H2O.RO), Romania’s largest electricity producer up to EUR2 million.
Hidroelectrica, Romania’s largest electricity generation company and the most anticipated listing on the Romanian capital market, in the first quarter of 2023 registered RON3.37 billion revenues, up 37% from the year-earlier period, while its net profit went up by 34% to RON1.74 billion.