Government’s top 5 biggest stock holdings

Claudiu Vrinceanu, 22 Apr 2010

Romanian version

The government’s stock holdings in the 24 companies it runs or in companies where it has minority interests worth around 41.2 billion lei collectively, and the largest share of this amount comes from the energy sector, where the government holds stakes in 8 companies.

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Hidroelectrica – 10.15 billion lei

The Government’s most valuable holding is in Hidroelectrica, where the 80.06% stake is evaluated at 10.15 billion lei by Raiffeisen Capital & Investment.

Romania’s biggest energy supplier, Hidroelectrica, anticipates a pre-tax profit of 63 million lei this year, down 3% from a year earlier, according to 2010 budget draft.

The political factor plays a crucial role in the development of the Romanian capital market, and the government could foster its development by listing large state-run companies in which state’s holdings are worth 41.2 billion lei (€10 billion), according to RCI.

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Government’s top 5 biggest stock holdings

Hidroelectrica – 10.15 billion lei

Article comments "Government’s top 5 biggest stock holdings"

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