Nuclearelectrica likely to list on BVB

“We are considering launching more than 10 percent of the company’s shares on the capital market,” according to Chirica, who added that a larger package compared to other state-owned company listings, of up to 10 percent each, is appropriate because the company needs significant investments.

Nuclearelectrica’s listing is pending shareholder approval, Chirica said. “If we have the approval of the General Shareholders Meeting this March, we will choose a broker in April or May,” he added.

Nuclearelectrica is currently operating two nuclear reactors at Cernavoda in southeastern Romania, and is to launch the construction of a further two reactors. Six major international companies are competing for the construction: ArcelorMittal, CEZ, Electrabel, Enel, Ibedrola, and RWE.