Hidroelectrica Tries To Woo Investors With Less Than EUR10M Profit Ahead Of Listing

04.17.2012 By Roxana Petrescu

Hidroelectrica, Romania’s largest energy producer budgeted 42.4 million (EUR9.7 million) net profit for this year, a five-fold increase on the profit of 2011, a really hard time for the company because of the drought. The most valuable state-run company in the country set out to lure investors with a mere profit of less than EUR10 million in the year of its stock market listing, while the ‘wise guys’ problem is still without a solution.

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Keywords:
hidroelectrica
, investors
, listing