Hidroelectrica Seeks Equity Adviser in View of IPO

Romanian state-owned power producer Hidroelectrica has launched procedures to acquire equity advisory services for an estimated RON8.4 million in view of an initial public offering.

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The company expects bids by January 30.

Back in December, Hidroelectrica shareholders (the Romanian state – 80% and Fondul Proprietatea – 20%) decided the company would distribute additional dividends of RON1 billion, of which the state will be entitled to RON800 million.

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