CE Oltenia resumes the idea of privatization by listing almost 15% of shares at the Stock Exchange, according to a document consulted by energynomics.ro.
Thus, CE Oltenia convenes the extraordinary general assembly for August 12 and will decide on other assets or court actions on various debtors.
The document asks for the re-mandating of the consortium formed in 2013 by Swiss Capital and BRD to mediate the privatization through public offer by capital increase for “12% of the share capital, plus new issued shares representing up to 3.29 % of the share capital, unsubscribed by existing private shareholders”.
Shareholders have requested the disclosure of the barrier factors in the privatization process, which was launched in 2013 and interrupted in the meantime.
At the same time, the management will present the current state regarding the acquisition of CO2 greenhouse gas emission certificates (EUA type), “information requested by the majority shareholder”, – which is the government through the Ministry of Economy. At present, the share capital is only 280 million euro. The shareholders are the Romanian state, represented by the Ministry of Economy (77.15%), Fondul Proprietatea (21.56%), ELCEN – Electrocentrale Grup (0.84%) and the Mine Closing and Conservation Company (0.44%).
