To this end, the company has requested shareholders’ permission to hire a consultant to help it in the acquisition process.
“The object of the acquisition is to provide Hidroelectrica with consulting and assistance services needed to carry out mergers/acquisitions activities for a maximum of three companies operating in the field of electricity supply,” the statement reads.
Among the targeted firms is Electrica Furnizare, the largest electricity supplier in Romania, part of the Electrica Group, where the largest shareholder is the Romanian state, with over 48% of the capital.
The company management said that in the light of recent developments on the energy market, Hidroelectrica has identified the opportunity of taking over some companies, especially in the field of electricity supply. Multiple sales channels would improve the predictability of Hidroelectrica’s revenues, the company’s management said.
In early 2021, Hidroelectrica acquired Crucea Wind Farm.