Specifically, RON3.9 billion of Hidroelectrica’s 2022 net result will go to its two shareholders. Thus, the Romanian State will cash RON3.1 billion and Fondul Proprietatea will cash approximately RON781 million, as per the decision of shareholders published on the company’s website. Fondul Proprietatea voted against this decision.
Beside this amount, the two shareholders will also receive RON435 million in the form of retained earnings representing surplus from revaluation.
The RON3.9 billion worth of dividends have June 16, 2023 as payment deadline.
Fondul Proprietatea, through KPMG, assesses its 20% ownership stake in Hidroelectrica at almost RON11 billion, which means the entire company is valued at approximately RON55 billion.
Ziarul Financiar (ZF) daily has recently reported that Hidroelectrica’s anticipated initial public offering (IPO), through which Fondul Proprietate is set to sell a part of its holding, is expected to start in summer 2023.