“Electrica wants to sell its shares in Enel Energie Muntenia and Enel Distributie Muntenia, in accordance with the government’s (privatization) strategy,” Eugen Bradean, deputy corporate manager at Electrica, told MEDIAFAX.
Electrica holds 23.57% in each of the two power distributors. However, 10% of the state’s shares at both Enel Energie Muntenia and Enel Distributie Muntenia are reserved to Electrica’s employees, who can exercise their right to buy the stock anytime until 2012.
Enel Energie Muntenia and Enel Distribuție Muntenia supply energy to around 1.1 million households in capital Bucharest and surrounding counties of Giurgiu and Ilfov.
Last year, the government estimated it would obtain EUR197.4 million from selling the remaining stakes in the two power distributors.
Enel serves approximately 2.6 million clients in Romania and employs around 5,000 staff. The Italian utility runs six companies on the local energy market.