Correggio Digest Archive

Romania
Institution

Ministry of Economy & Energy

Act / Decision / Ruling

HIDROELECTRICA IPO

Relevant Date

31/05/2020

Hidroelectrica’s Initial Public Offering (IPO) was first announced in 2012 and the company has been more or less ready for the listing procedure since 2016. However, the COVID-19 pandemic has reduced the probability of a listing this year to zero. The IPO is now expected to take place only after the end of the pandemic is in sight, with estimates of a listing in the summer or fall of next year.

Hidroelectrica operates more than 200 hydro power plants in Romania with a total installed capacity of 6,444 MW. It is one of the most important assets of the Romanian state, being 80% owned by the Ministry of the Economy and Energy. It is also one of the most profitable companies in South Eastern Europe.

The initial public offering of a 10% or 15% stake in Hidroelectrica will be the largest in Romania’s history and is expected to raise approximately 1 billion euro. In May, Hidroelectrica selected both the legal and equity advisers in preparation for the listing procedure, which was planned for this year.

MORE INFORMATION AT:

https://www.hidroelectrica.ro

https://cdn.hidroelectrica.ro/cdn/aga/2020/Strategia_investitionala_HE.pdf