State-owned Hidroelectrica listed on the Bucharest Stock Exchange (BVB) on Wednesday under the symbol H2O. People who subscribed but didn’t get the number of shares they wanted because a was re-signedthey will be able to buy shares of the company in the market.

Fondul Proprietatea sold shares as part of the initial public offering of shares: 89,708,177 shares, of which institutional 71,766,542 at a price of 104 lei per share, and retail 15,525,118 shares at 100.88 lei per share and 2,416,517 at 104 lei for action .

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.

The amount collected by the Fund is approximately 9 billion lei.

The government will benefit from the listing of the company due to the fact that a milestone will be reached in the PNRR and because it is a shareholder in FP.

What do governors “lose” by recounting? Well, the company will be transparent. We will know what contracts are signed, with whom and so on. Everything the company does will be public. This is good for society.

Hidroelectrica’s listing will bring the Romanian capital market to emerging market status. This means that more foreigners will invest in Romania, as many funds have allocated a certain percentage to such markets.