Electrica SA is expected to hold 99.9920% of the share capital of the new company, while Societatea Filiala de Întreținere și Servicii Energetice Electrica Serv SA is expected to hold the remaining 0.008% of the share capital.
Shareholders are also expected to empower the directors of the newly established company, to separately and not together, with the possibility of sub-delegation, sign and submit all documents necessary to complete the registration formalities at the Trade Register Office and in the fiscal records.
Electrica’s planned power generation projects target 400 MW renewable energy projects, with 100 MW in storage.
Electrica shares have been trading up 0.6% since the beginning of 2021, amid deals worth RON126.4 million, per stock market data.