Romania Approves Merger of Power Plants, Mines in One Company

Romania approved the merger of three state-owned thermal power plants and coal mines into a new company called Complexul Energetic Oltenia SA, the country’s Economy Ministry said.Complexul Energetic Craiova SA, Complexul Energetic Rovinari SA, Complexul Energetic Turceni SA and Societatea Nationala a Lignitului SA will merge “to create in the shortest time period a strong and viable company which will ensure the necessary framework for increased efficiency and needed investments,” the ...

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