Fondul Proprietatea Plans to Sell 20% Stake in Hidroelectrica

Published: Sep 07 2017
Deal Summary

S.C. Fondul Proprietatea S.A., an investment fund managed by Franklin Templeton Investment Management Ltd., intends to sell its 20% stake in Hidroelectrica SA, a renewable energy company.

Fondul Proprietatea currently holds 19.94% of the issued share capital of Hidroelectrica (representing 32.01% of the fund’s NAV as at June 30, 2017).

Citigroup Global Markets Inc. and UBS Limited are acting as financial advisors to Fondul Proprietatea for the transaction.

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