“The EBRD voiced their intention to become minority holder in Hidroelectrica,” Trihenea said.
Hidroelectrica and the EBRD Tuesday signed a EUR110-million loan contract to finance upgrades at one of the largest hydropower plants in Romania, Stejarul Bicaz.
Trihenea didn’t say when the Romanian authorities plan to list Hidrolectrica on the Bucharest Stock Exchange, but said the initial offering might be of 10% to 15% of the company’s shares.
The Economy Ministry owns 80.05% in Hidroelectrica, while investment fund Fondul Proprietatea holds a 19.94% stake.
Romania’s government announced plans to sell minority stakes in several key energy and oil companies in 2011, including Hidroelectrica, Nuclearelectrica, Romgaz and Transgaz (TGN.RO).