Reuters: Romania's Hidroelectrica to exit insolvency in May-June 2015

Romanian state-owned hydro power producer Hidroelectrica will likely exit insolvency in May-June 2015 and list a minority stake in the second half of that year, its manager Remus Borza told Reuters on Wednesday.Hidroelectrica, the European Union state's largest and cheapest power producer, was forced into insolvency in 2012 by a severe drought and a string of loss-making contracts, a state it exited last year. But an ...

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