The French company GDF International bought all 11% of the shares of Fondul Proprietatea in Engie Romania for 432.6 million lei, according to a statement on BVB. GDF International is the majority shareholder of Engie Romania.
The contract was concluded on December 22
Franklin Templeton International Services, as administrator of Fondul Proprietatea, informed shareholders on Wednesday that it has entered into a sale and purchase agreement with GDF International on December 22, 2023.
The agreement concerns the Fund’s full participation in the share capital of Engie Romania in exchange for the total amount of 432,616,167.75 lei, the Proprietatea Fund also states.
Completion of the sale under the sales contract is carried out with the approval of the Fund’s shareholders.
ENGIE Romania is one of the largest distributors and suppliers of natural gas in Romania. It also deals in renewable generation and electricity supply, as well as environmental solutions and technical services for natural gas and thermal plants.
ENGIE Romania and its subsidiaries serve a portfolio of 2 million customers, manage a distribution network of around 22,600 km, have a green generation capacity of 121 MW and have 4,200 employees. From 2005 to December 31, 2022, ENGIE Romania Group made investments worth 6,100 million lei.
Source: Hot News
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