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Govt. rejects Transelectrica’s dividend proposal, calls for new GSM

The Romanian Government's General Secretariat, which owns a 58.7% stake in the national power grid operator Transelectrica (TEL), rejected the company's financial reports for 2020 and the dividend proposal and called for a new General Shareholders' Meeting (GSM).   The Government motivated its request by saying that the company didn't observe the legal provisions related to the profit distribution by state-controlled ...

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