Romanian Ministry of Energy has prepared a draft bill on the sale of 10 % stake in state-owned electricity producer Hidroelectrica through the initial public offering (IPO).
The draft bill will open with a primary public offer of shares sales via the subscription offer of a newly-issued shares stake representing 10 % of the social capital before the increase in the social capital. The increase in the company’s social capital will be realized with a newly issued shares stake of 12.49 % of the existent social capital.
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