Romanian Govt Oks Electrica Muntenia Sud Sale To Italy’s Enel

The Romanian authorities agreed to sell the Romanian company to Enel in 2006, but the finalization of the process was postponed several times on technicalities.

The deputy president of Romania’s privatization authority AVAS Laszlo Gyerko said earlier this month that the finalization of the transaction would take place by April 15, after the Government’s approval in March.

Enel agreed in 2006 to pay EUR820 million for a 67.5% stake in Electrica Muntenia Sud.

Enel already owns two Romanian regional power distributors, Enel Electrica Dobrogea and Enel Electrica Banat, having acquired them from the former monopoly supplier, Electrica SA.