UCM Resita | Romania Feed

Euro Insol, the judicial administrator of Uzina Constructoare de Masini (UCM) Resita, has announced the signing of the contract for the sale of the UCM Resita business to Uzina de Constructii Masini Hidroenergetice, a company controlled by Hidroelectrica, Romania’s biggest energy producer.

Hidroelectrica (H2O.RO), the largest company at the Bucharest Stock Exchange and the most profitable state-run firm, announced in a stock market report on Friday (Dec 8) the signing of the Business Transfer Agreement from UCM Resita (UCMR), specialized in manufacturing and trading of hydro aggregates and ancillary equipment, as well as in providing maintenance services and specialized technical assistance in the energy sector.