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Electromagnetica has completed the sale of small hydropower plants for 33.55 million lei

electromagnetica og - Moldova Invest

Bucharest

Electromagnetica has completed the sale of small hydropower plants for 33.55 million lei

These plants, located in the Suceava River basin, were sold for 33.55 million lei. The sold package includes 11 small hydropower plants, consisting of land, buildings, and essential equipment for their operation

The auction process was recently finalized, and the transfer contract is expected to be signed within five working days of signing the award protocol, contingent on obtaining approval from the Competition Council. This transaction marks a significant step for Electromagnetica, which has been investing in micro-hydropower plants since the early decades of this century.

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Electromagnetica is majority-controlled by Infinity Capital Investments, which holds 65.45% of the shares. This stake was recently consolidated through a public takeover offer, leading to SIF Muntenia (SIF4) exiting the shareholder structure and significantly diluting the employees’ association that supported former director Eugen Scheușan. Scheușan was removed from his position last fall after 32 years of leadership.

At the last trading price on the Bucharest Stock Exchange (BVB) of 0.2160 lei per share, Electromagnetica’s market capitalization amounts to 146.02 million lei (approximately 29.34 million euros). This capitalization reflects both the position held by Infinity Capital Investments within the company and the recent impact of leadership changes and shareholder restructuring.

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OM... Cu aripi fragile de fluture

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