The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Monday, 11 April 2011

Chinese national grid operator seeks stake in Transelectrica

The State Grid Corporation of China, or SGCC, is interested in buying the 15% stake Romania plans to sell in state-owned power grid operator Transelectrica, according to market sources.

The SGCC ranked eighth last year among Forbes' Top 500 companies of the world, with turnover in excess of 120 billion euros in 2009. The company has over 1.5 million employees.

The SGCC was founded in 2002 and it is mainly active in the construction and operation of power grids in China.

Romania's Economy Ministry, which holds a 73.6% in Transelectrica, plans to sell 15% in the company on the Bucharest bourse.

Company management also proposed a share capital hike equivalent to 12% of stock, which would unfold in parallel with the listing operation.

Another Transelectrica shareholder is investment fund Fondul Proprietatea, with 13.5%.

Source: CBA Newsletter

If you are interested in investment and market entry opportunities in Romania and other markets in Eastern Europe, please don't hesitate to contact us at europa @ frdcenter.ro

Jackie Bojor

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