Romania's anti-trust body probes takeover of Hidroconstructia by Electromontaj

In order to determine whether the concentration is compatible with the normal competitive environment, the Competition Council will consider the notified transaction under the merger regulation, the antitrust body said in a statement on Monday.

Hidroconstructia originates from the former General Department of the Bicaz HPP founded in 1950 as the sole constructor of the hydropower installation at Bicaz, northeastern Romania. The company has been insolvent since January 2022, when it filed a court request in Bucharest.

Part of Group H4L, Electromontaj designs, builds, transforms and maintains infrastructure for the distribution of electricity. Group H4L is active in real estate, renting, logging as well as in the production and trading of electrical energy and natural gas.

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