Hidroelectrica | Romania Feed

O delegație a Hidroelectrica, condusă de Karoly Borbely, președinte al directoratului societății, participă la vizita de lucru în Emiratele Arabe Unite, care are loc în perioada 17-19 aprilie 2024.

Hidroelectrica informează cu privire la apariţia în mediul online a unor clipuri video contrafăcute cu ajutorul tehnologiei deepfake. Compania avertizează că publicul este indus în eroare cu privire la implicarea unor personalităţi în tranzacţionarea acţiunilor sale.

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.

Hidroelectrica, Romania’s largest electricity generation company and the most anticipated listing on the Romanian capital market, is set to distribute 90% of its record net profit of RON4.4 billion of 2022 towards its two shareholders – the energy ministry (with an 80% ownership stake) and Fondul Proprietatea (20%).

One of the biggest green energy portfolios underway locally has UAE’s Masdar and Romania’s biggest energy producer Hidroelectrica behind it.

State-run electricity supplier and distributor Electrica (EL.RO) has notified investors about several transactions between Distributie Energie Electrica Romania (DEER), its subsidiary, and Hidroelectrica, the largest local electricity producer, between February 17, 2022 and February 16, 2023.

Franklin Templeton, the manager of Fondul Proprietatea (FP.RO), recommends shareholders such as Pillar II pension funds, mutual funds and Silver Point Capital, to vote for a dual listing of Hidroelectrica at the General Meeting on November 15 and calls for caution to the proposal of the Finance Ministry, which owns 6% in the fund, about getting the money from the IPO as dividends.

Hidroelectrica, the largest electricity producer in Romania, on Thursday (June 30) signed a contract for the “modernization of the electrical installations related to the hydromechanical equipment and hydraulic actuation installation at the Gogosu overflow dam”.

Hidroelectrica, the largest electricity producer in Romania, plans to build a solar photovoltaic (PV) park and a hydrogen-fueled power plant in central Romania.

Romania’s Energy Ministry, as majority shareholder and Fondul Proprietatea as shareholder (20%) of Hidroelectrica approved payment of RON3.8 billion dividends by the country’s largest electricity producer, on April 28.

Fondul Proprietatea (FP.RO), a 20% shareholder in electricity producer Hidroelectrica, seeks to get RON1 billion (EUR200 million) in special dividends from the state-owned company's retained earnings, a move that has been common practice for the fund in recent years and one to which the Energy Ministry has agreed.

Romanian state-run state-owned hydropower producer Hidroelectrica said in a statement that it plans to acquire up to three electricity and natural gas suppliers.

Hidroelectrica’s current value exceeds $10 billion and, if listed on the stock market, its value could grow by 10%-15%, Johan Meyer, Portfolio Manager at Fondul Proprietatea, told ZF Power Summit 2022 on Tuesday (Feb 22).