HIDROELECTRICA
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Hidroelectrica's Insolvency To Cut By 21% Fondul Proprietatea’s NAV
The start of insolvency proceedings at Hidroelectrica would reduce by 21% the net asset value of investment fund Fondul Proprietatea (FP.RO), which holds 20% in the Romanian hydropower produ...
Sales Fall, Surging Debts Push Hidroelectrica To Request Insolvency
The Managing Board of Hidroelectrica decided to request the start of insolvency proceedings as the Romanian hydropower producer registered lower sales and rising debts, the company said in a...
Hidroelectrica Board Members Surprised By Request For Insolvency
Although Romanian hydropower producer Hidroelectrica has requested the start of insolvency proceedings, two of the five members of the company's board say they did not attend the meeting whe...
Hidroelectrica Asks For Start Of Insolvency Proceedings
Romanian hydropower producer Hidroelectrica asked the Bucharest court for the start of the insolvency proceedings, and a first hearing was scheduled for Wednesday.
Government Sets Up Committee For In-Depth Financial Evaluation Of Hidroelectrica
Romania’s Government has set up a committee tasked with evaluating the economic and financial status of state-run hydropower generator Hidroelectrica.
Hidroelectrica CEO Replaced With Former CEZ Executive
Dragos Zachia, chief executive officer of Romanian hydropower producer Hidroelectrica, will be replaced by Stefan Gheorghe, a former executive in the CEZ Romania group.
Hidrolectrica 2011 Net Profit Revised Down To RON6.4M
Romanian state-run hydropower generator Hidroelectrica Wednesday revised down its 2011 net profit to 6.4 million lei (EUR1.4 million), from RON15.7 million previously, as a prolonged draught...
Hidroelectrica’s Power Output Halved In 1Q
Drought has continued to negatively impact the turnover of Hidroelectrica, Romania’s largest energy producer, as the electricity generated by the company in the first quarter of the year was...
Nuclearelectrica Cancels Auction To Select Broker For Upcoming IPO
Romanian state-owned energy producer Nuclearelectrica Thursday cancelled an auction to select a broker for its planned 10% initial public offering on the Bucharest Stock Exchange, saying the...