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Romania's Electrica, Fondul Proprietatea extend minority stakes buyout deadline

Romanian power distributor and supplier Electrica [BSE:EL] and investment fund Fondul Proprietatea [BSE:FP] said they agreed to extend the deadline for the buyout of the fund’s holdings in Electrica subsidiaries by a month, seenews.com reads. The two companies have extended the Long Stop Date of the memorandum of understanding (MoU) signed in July for the buyout from the initially agreed October 31 to November 30, the companies said in statements ...

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