On the other hand, Hidroelectrica wants to remunerate its two shareholders – the Romanian government (80%) and Fondul Proprietatea (20%) with RON2.8 billion from the net profit of RON3 billion made in 2021.
Hidroelectrica, Romania’s largest electricity producer, and the company that could set the biggest listing in the history of the country’s capital market, could pay dividends of about RON3.8 billion this year, of which RON760 million will go to Fondul Proprietatea and the rest of about RON3 billion to the Romanian government as majority shareholder.
The fund wants the special dividends to be paid by September 30, 2022. The General Meeting of Shareholders to decide the payment of dividends will take place on April 28, 2022.
Hidroelectrica, Romania’s largest electricity producer and the most profitable state-owned company, budgeted total revenue RON7.4 billion for 2022, up 11% on 2021, while net profit is estimated at RON2.9 billion, down 8% from the RON3.16 billion of 2021.
(English version by Loredana Fratila-Cristescu)