Romania Economy ministry may remain with 51% stake in most important state company Hidroelectrica

Romanian energy company Hidroelectrica may be listed as early as next year should the strategy establishing two major energy groups, Electra and Hidroenergetica, fail before the end of 2011. Packages of 10-15% of Hidroelectrica shares will be put on offer gradually so that the Romanian state retain a minimum of 51%, Hidroelectrica, general manager Constantin Trihenea has told in an interview. He said all direct contracts concluded by the company with influential people known locally as "the ...

Developed by Codecraftsman