Fondul Proprietatea owns 22% in each of the four subsidiaries and it expects to acquire a similar stake in Electrica SA following negotiations, Konieczny said.
The four units in which Fondul Proprietatea holds shares are Electrica Distribuție Muntenia Nord, Electrica Distribuție Transilvania Nord, Electrica Distribuție Transilvania Sud and Electrica Furnizare.
Electrica SA is fully owned by the state, through the Energy Department. The Romanian authorities plan to sell 51% in Electrica via an initial public offering in Bucharest and London.