Electrica plans to sell its remaining stakes in Enel’ and E.ON’s subsidiaries. However, stakes of 10% in each company are reserved to Electrica’s employees, who can exercise their right to buy the stock anytime until December 2013 for E.ON’s units and until December 2014 for the local units of Enel.
“Supposing the employees will buy the whole stakes they are entitled to, the price would be of minimum EUR200 million,” Eugen Bradean, corporate affairs manager at Electrica, told MEDIAFAX Friday.
Early August, Enel officials estimated Electrica’s remaining shares in its Romanian subsidiaries Enel Distributie Muntenia and Enel Energie Muntenia were worth EUR388 million.