Tag: IPO

Hidroelectrica is ready to exit insolvency – Romania, 2 June 2016

Judicial administrator of the Romanian electricity producer Hidroelectrica Remus Borza said that the company is ready to exit insolvency next week, namely on 8 June when the next term for the retrial is scheduled at the Bucharest Court. Borza reminded that in 2012, when his company Euro Insol took over the management of Hidroelectrica, it […]

SOCAR interested in Petrol Ofisi acquisition – Turkey, 1 June 2016

The Head of Turkish subsidiary of State Oil Company of Azerbaijan (SOCAR), Zaur Gakhramanov said that the company is interested in the acquisition of Petrol Ofisi, Turkish subsidiary of the Austrian OMV Group. In early 2016. Austrian OMV Group reiterated intentions to sell its retail fuel network in Turkey, operated through company Petrol Ofisi. After […]

State and Fondul Proprietatea renewed agreement on Hidroelectrica’s IPO – Romania, 6 May 2016

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 […]