-0.3 C
February 8, 2023

Several assets of Termoelectrica bought by a Czech investor

Several assets of bankrupt Romanian state-owned energy producer Termoelectrica were auctioned for EUR 13.8 million. The assets include the Doicesti thermal power plant in Dambovita county and auxiliary assets, including some residential buildings and a club, a press release informs. The assets were bought by European Energy Communications SRL, a firm that was founded this year, which is majority owned by a company registered in Czech Republic, European Communications SRO. The company’s shareholders are Ukrainian businessmen. Musat & Asociatii Restructuring &Insolvency, which is part of the Musat & Asociatii law firm, organized the auction. The firm manages Termoelectrica’s liquidation, which was decided by the company’s shareholders in March 2013.

Related posts

Tailent teams up with the solutions provider Wolters Kluwer Romania to bring affordable automation in highly regulated industries


Italy raises EUR 7.5 bln in bond issue, rates record high

Nine O' Clock

ClusterPower opens the largest data center in Romania