The most dramatic, complex and efficient restructuring process of a company in Romania ends after nearly five years. Following this reorganization, Hidroelectrica turned into the most profitable company. When the insolvency procedure started (June 20, 2012), Hidroelectrica had debts of over EUR1.1 billion and loss of EUR170 million, the document also reads.
Throughout the insolvency procedure, the company’s market value doubled from EUR2 billion in 2012 to EUR4 billion in 2016.