Romanian private investment fund Fondul Proprietatea has set the price for its secondary public offering (SPO) of 6.4 % stake in the Romanian subsidiary of Austrian OMV Group – OMV Petrom at 0.0462 euros per share and 7.02 euros per global depository receipt (GDR). Thus, the fund will get about 170 million euros for 3.62 […]
On 21 June, the Bucharest Court decided on the closure of insolvency proceeding for the Romanian electricity producer Hidroelectrica. This was announced by the company’s judicial administrator Remus Borza, who added that the decision is not final, but is enforceable. He reminded that in 2012, when his company Euro Insol took over the management of […]
Shareholders in Romanian electricity producer Hidroelectrica, Romanian state and private investment fund Fondul Proprietatea have signed an agreement with Raiffeisen Bank and Morgan Stanley which establishes the resumption of the obligation under the Engagement Letter for Hidroelectrica’s initial public offering (IPO). The Engagement Letter was signed in February 2014 and it appointed Raiffeisen Bank and […]