Plastic packaging maker Romcarbon (ROCE.RO) has notified investors via a report to the Bucharest Stock Exchange that during the June 28, 2023 meeting its Board of Directors unanimously approved having the company subscribe in the initial public offering of Hidroelectrica (H2O.RO), Romania’s largest electricity producer up to EUR2 million.
“Romcarbon SA will subscribe the shares through SSIF Swiss Capital S.A and, following the closing of Hidroelectrica SA IPO, will report to the market the exact number of shares acquired,” the company said.
Romcarbon has a capitalization of RON107.5 million.
(English version by Loredana Fratila-Cristescu)
