Fondul Proprietatea will receive 9.04 billion lei after expenses, including an over-allotment option, from the shares it owns in Hidroelectrica, according to an announcement published on the website of the Bucharest Stock Exchange (BVB).

This amount to be received is approximately 97.4% of the total amount. The rest of the expenses, but at the moment the estimate. We will find out the amount after the end of the stabilization period.

Hidroelectrica will be listed on the Bucharest Stock Exchange on Wednesday under the symbol H2O.

Fondul Proprietatea sold 89,708,177 shares, of which institutional 71,766,542 at 104 lei per share, retail 15,525,118 at 100.88 lei per share and 2,416,517 at 104 lei per share.

There were 51,974 orders.

After the listing, the Romanian state will be left with 80.06% of the shares, while the rest will belong to other shareholders, such as pension and investment funds, various companies and private individuals.

It should be noted that the shareholder of Fondul Proprietatea is also the state, which owns 5.97% of the shares.