Bloomberg:Romania Plans to Merge Power Plants, Mines in Two Companies

Romania plans to merge power plants and mines, scrapping an initial plan to form two larger holdings, after unions and a minority shareholder opposed merging unprofitable assets with money-making enterprises. The Economy Ministry wants to merge three power plants and mines under one entity called Oltenia SA and two thermal power plants and coal mines under a second company called Hunedoara SA, according to a law draft on the ministry’s website . Romania scrapped a plan to merge ...

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