Iron Gates hydropower plant.
Author: Espino Family.
Licence: Creative Commons, Attribution.
BUCHAREST (Romania), April 3 (SeeNews) Romanian hydropower producer Hidroelectrica has exited insolvency, paving the way for a long awaited listing on the Bucharest bourse, seen as the biggest in Romania’s history, its judicial administrator Euro Insol said on Monday.
The Bucharest Court ruled on March 30 that Hidroelectrica should exit insolvency, Euro Insol said. The decision follows a similar but non-definitive ruling of the court dating back to June 2016.
The initial public offering (IPO) of a 15% stake in Hidroelectrica, which has…
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