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June 29, 2022

FP requests approval to list Hidroelectrica and Nuclearelectrica at BVB

Fondul Proprietatea (FP), a minority shareholder in Hidroelectrica and Nuclearelectrica, called for a General Shareholders’ Assembly (AGA) at the two state-owned companies to obtain the approval needed to list the companies at the Bucharest Stock Exchange (BVB).

“We firmly believe that Hidroelectrica and Nuclearenergetica are ready to be listed on the market and that this process should start as soon as possible. The companies need funding, higher transparency and openness, enhanced corporative governance and boosted efficiency,” Greg Konieczny, fund manager at FP, stated, in a press release, remitted on Thursday by Franklin Templeton, FP’s administrator, on behalf of Fondul Proprietatea.

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