Global Â鶹ÊÓƵ Day - Shareholders in hydropower
Hidroelectrica’s initial public offering (IPO) was the largest ever made on the Romanian Stock Market. It attracted a total of RON 9.28 billion (£1.6bn) for around 90 million shares representing 20% of the total number of shares and became the largest IPO in Europe and the third largest in the world considering the IPOs so far this year.
An IPO refers to the process of offering shares of a private corporation to the public in a new stock issuance for the first time. This means the public was given a chance to directly invest in hydropower. Â
Through this stock market listing, the Romanian State did not sell its 80% stake but opened up to the possibility that Romanian citizens and other institutional investors could become shareholders and enjoy the success and growth of Hidroelectrica. By participating as shareholders, Romanians can benefit directly from Hidroelectrica's development potential and the associated financial and economic benefits. Â
In addition to the impact on citizens, the listing of Hidroelectrica on the stock exchange brings benefits to the Romanian economy in general. Attracting foreign capital through this listing will strengthen Romania's position and contribute to the country's economic development. This means increasing investment, creating jobs and boosting related sectors of the economy. Â
Hidroelectrica is also committed to investing in hydropower, wind, solar and other projects that will contribute to reaching the targets set by the European Union through the Fit for 55 and REPower EU programmes. These investments will strengthen Romania's position in terms of energy security and sustainability.
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