Hidroelectrica, the “jewel” of the Romanian energy industry, is to be listed on the Bucharest Stock Exchange (BVB) in July, a move that the domestic capital market has been waiting for for years.

To better understand the importance of this moment and why we should be interested, even if we are not investors in the stock exchange, Panorama talked to Bohdan Mugescu, founder of the Romanian consulting company Atheneum Advisors, which has the status of authorized consultant of SMT AeRO, an alternative trading system for stocks and bonds BSE.

The IPO of the biggest energy company could actually become the biggest listing in Europe in 2023, in the context of which Turkish soda ash producer WE Soda, a company that was waiting for a valuation of 7.5 billion dollars and to raise 800 million dollars on the stock market, canceled the initial public offering on the London Stock Exchange just two weeks after the announcement.

Instead, Hidroelectrica, which operates more than 180 power plants and is 80% owned by the Romanian state through the Energy Ministry and 20% by Fondul Proprietatea, hopes to raise a billion euros through an IPO, according to Reuters.

Read the full article on Panorama.