Until recently, we were accustomed to the Romanian state demanding additional dividends from the companies it manages. But this time Fondul Proprietatea, a minority shareholder of several state-owned companies, demands extra revenues from Nuclearelectrica.

Thus, FP filed an application for “the completion of the agenda of the Ordinary General Meeting of the Shareholders of SNN dated 23.04.2019”, requesting the introduction “on the agenda of the Ordinary General Meeting of Shareholders convoked for the date of 23 ( 24) .04.2019 of item 51, namely: Approval of the distribution of the amount of 438.6 million lei (438 625 752 lei, about 92 million euro) in the form of additional dividends, respectively the value of the additional gross dividend per share of 1.4 lei”, reads the document consulted by energynomics.ro.

“Additional dividends to shareholders will be paid on at the same date, ie June 28, 2019, and in the same ways of payment as dividends for the net profit of the financial year 2018,” the document reads.

SNN is 82% owned by the State Energy Ministry, and FP has only 7.47% of shares, the rest belonging to minority shareholders.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.