Hidroelectrica IPO values group at EUR 9.5bn

Romania’s Hidroelectrica SA on Wednesday announced the pricing of its initial public offering (IPO) at RON 104 per share, implying a market value for one of the largest hydropower producers in Europe of RON 46.8 billion (USD 10.3bn/EUR 9.5bn).   The IPO will see Fondul Proprietatea SA, an alternative investment fund managed by Franklin Templeton International Services SARL, sell roughly 78 million shares. Including the overallotment, the volume ...

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