Thus, Hidroelectrica, the largest and most profitable company part of Romanian state’s portfolio, hit a record-high valuation at end-2021, in line with ZF calculations based on the monthly report published on Friday by Fondul Proprietatea, which owns a 20% stake. The fund values the stake at RON8.5 billion, with the company’s overall valuation thus standing at RON42.6 billion.
Should the Romanian state decide to put up for sale a stake in Hidroelectrica at this moment, via listing on the Bucharest Stock Exchange for instance, it would obtain an all-time high valuation and get some funds that it could use, for instance, to compensate some bills.
Through FP, Hidroelectrica will disclose its 2021 results, on February 28, 2022.
(English version by Catalina Apostoiu)