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Oct 07, 2019 12:06 EEST
October 7 (SeeNews) - Romanian power supplier and distributor Electrica [BSE:EL] said that is will seek to increase its capital by some 6.05 million lei ($1.4 million/1.3 million euro) to 3.465 billion lei via a new share issue.
The Romanian state will receive 295,114 new shares with a nominal value of 10 lei each in exchange for an in-kind contribution - land ownership certificates issued by the economy ministry, Electrica said in a bourse filing on Friday.
The remaining 309,869 shares will be offered to other existing shareholders at a price equal to their nominal value - 10 lei.
Electrica, in which the Romanian state owns a stake of 48.8%, is listed on the Bucharest Stock Exchange and the London Stock Exchange.
As at 9:45 CET on Monday, Electrica shares traded 2.24% higher at 11.4 lei on the Bucharest bourse.
(1 euro = 4.7476 lei)
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