Enel has become majority shareholder of Electrica Muntenia Sud

On Friday, Enel took over a package of 50% of Electrica Muntenia Sud (EMS) shares for the sum of 395 million euros and became the majority shareholder of the Romanian company, the Italian company Enel announced in a press release. “ In the process of privatization of Electrica Muntenia Sud and according to the Privatisation Contract signed on 11 June 2007 between Enel S.p.A. (Enel) and the state-owned company Electrica SA, Enel acquired today ( Friday, 25 April 2008) from Electrica 50%of ...

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