On December 17, 2019, the Romanian State rejected Fondul Proprietatea’s request that Hidroelectrica distribute additional dividends of RON1.25 billion.
“We (the company, ed.) have overdue deposits of RON950 million and we drafted a note which shows we cannot distribute the amount of RON1.25 billion, as Fondul Proprietatea had requested”, stated Bogdan Badea.
Consequently, Fondul Proprietatea reduced its request for dividends, therefore, Hidroelectrica shareholders, the Romanian state and Fondul Proprietatea – summoned the general meeting of shareholders which established the amount of RON1 billion to be distributed as dividends.