Per a stock market announcement, AZT Viitorul Tau has exceeded the threshold of 5% on August 18.
Overall, the entities indirectly held by Allianz SE have reached a holding of 5.30% of the voting rights of Electrica, compared to 5.09% on April 1, 2020.
Besides AZT Viitorul Tau, Allianz Group is present in the shareholding structure of Electrica through pension funds AZT Moderato and AZT Vivace, as well as through Allianz Tiriac Asigurari.
“The voting rights of Electrica are computed on the basis of all the shares to which voting rights are attached, even if for the treasury shares (6,890,593 treasury shares) the exercise thereof is suspended, according to the provisions of art. 69 (1) of Law 24/2017 on issuers of financial instruments and market operations,” the stock market announcement reads.
Electrica reported revenue of RON3.2 billion in the first half of 2020, up 3.2% on the year, and a net profit of RON189 million, up 74% on the year.
Electrica has a market value of RON3.8 billion. It is 48.7% held by the Romanian State, via the Economy ministry, and 5% owned by the European Bank for Reconstruction and Development (EBRD).