Fondul Proprietatea appointed the investment banks for the IPO of Hidroelectrica – The Diplomat Bucharest

Franklin Templeton International Services announces that Fondul Proprietatea and Hidroelectrica have selected the Consortium of Investment Banks for the IPO, composed of international, regional and local investment banks. The role of the selected investment banks in the IPO process is to recommend the optimal structure of the transaction, promote Hidroelectrica’s equity story to local and international investors, place securities in the IPO and assist in the listing process.

Ilinca von Derenthall, Chair of the Board of Nominees, said: “The appointment of the investment banks is an important milestone and we are very pleased that this has been achieved in connection with Hidroelectrica’s IPO. We firmly believe that the IPO and subsequent listing of Hidroelectrica will bring significant benefits to the Romanian capital markets and Romania as a whole, as it has great potential to attract significant domestic and foreign investors to the leading Romanian power generation company, a key player in the Romanian energy sector . We encourage all parties involved to continue working together to ensure both the IPO and listing are completed promptly.”

Johan Meyer, CEO of Franklin Templeton Investments Romania and Portfolio Manager of Fondul Proprietatea, said: “The selection of the investment banks is an important step forward in the preparation of Hidroelectrica’s IPO and listing. We appreciate the support from stakeholders to date and look forward to working with the consortium of investment banks as we continue the preparation process for the IPO and listing. We hope to close this landmark transaction as soon as possible.”

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