Fondul Proprietatea head urges listing of new SOEs on the capital market

Newsroom 02/11/2016 | 12:34

Hidroelectrica , Airports Bucharest, Constanta Harbor and Salrom should be listed on the stock exchange as soon as possible, said Greg Konieczny, executive vice-president Templeton Emerging Markets Group and manager of Fondul Proprietatea.

„We had a growth of the net assets of 1 percent and the main contribution came from the unlisted state-owned companies: Hidroelectrica, Airports Bucharest, Constanta Harbor and Salrom. There are four companies that we promote and we’ll continue to promote as companies that should be on the stock exchange as soon as possible. Despite the fact that we are minority shareholders we can add value to these companies and we are active administrators. The ones who negatively contributed to unlisted companies are Petrom and Romgaz, as a result of the drop in prices to oil and gas and I suppose also Nuclearelectrica, as it continued to talk about the nuclear units 3 and 4,” said Konieczny.

Acording to him, the calendar shows that Hidroelectrica would be listed in the second quarter of 2017.

„From the operational performance point of view, Hidroelectrica had a very good situation this year. We can say that overall for Hidroelectrica it should be a record year for profit. Currently there’s an intermediary council and an intermediary supervisory board,” said the head of Fondul Proprietatea.

Georgiana Bendre

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