Romania's Electrica, Fondul Proprietatea sign 752 mln lei (165 mln euro) MoU for minority stakes buyout

Romanian power distributor and supplier Electrica [BSE:EL] signed a 752 million lei ($188 million/ 165 million euro) memorandum of understanding (MoU) for the buyout of minority stakes in four of its subsidiaries from investment fund Fondul Proprietatea [BSE:FP], seenews.com reports. "The parties plan to execute the transactional documents pertaining to the envisaged transaction after obtaining the necessary corporate and shareholding approvals at ...

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