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Govt. allows Hidroelectrica to bid for CEZ’s assets

Hidroelectrica, the largest electricity producer in Romania, received on July 25 the agreement of its majority shareholder, the Economy Ministry,  to submit a binding offer for the Romanian assets of the Czech group CEZ. Hidroelectrica will make the bid in a consortium with Electrica and SAPE, also controlled by the state. The approval also allows the company to contract a loan to finance the ...

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