BUSINESS

Oltenia Energy Plant could list 15 pc of the company shares on the stock exchange

Ministry of Economy wants the coal and electricity producer Oltenia Energy Plant to conduct a capital raise, to list a stock of 15 per cent of its shares on the stock exchange and to reduce the number of managing positions, according to a press release from Ministry of Economy, the major shareholder of the plant. Also, the company could be involved “within its competence limits”, together with the local public authorities, into the implementation of the regional and county development strategy. The Government plans to alter the laws addressing expropriation for public utility reasons and to pay guarantees from Eximbank for investments into a production unit for electricity within the company.

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