“I plan to liquidate my real estate business and to focus on Romenergo by investing in electricity distribution, supply and production,” he told Business Standard. “We are reconsidering our business structure because these are crisis times,” Bitleanu said. He added that Nauru Holdings bought stock from 44 Romenergo shareholders. “We made an offer and they accepted because they needed the money,” Bitleanu explained, saying that he is studying other opportunities in the energy production sector.
Romenergo includes several companies involved in electricity distribution, design and consulting services, port operations and parts for water plants, among others. Furthermore, it owns a three-star hotel in the Azuga mountain resort, and two restaurants in Bucharest. Depending on the company’s evolution, Nauru Holdings could increase its participation in Romenergo. One of the main shareholders of the company prior to this deal, Alexandru Marin Parvescu, said the company will maintain its development plans. Parvescu is Chairman of the Board of Directors and General Manager of Romenergo.
