Hidroelectrica’s IPO could take place in H1/2015

Proprietatea Fund (BSE: FP) estimates that the initial public offering (IPO) for Hidroelectrica listing will take place in the first half of 2015, FP’s fund manager Greg Konieczny said on Wednesday.

Hidroelectrica IPO had been scheduled for June 2014, but it was delayed due to insolvency proceedings.

Referring to the calendar of public offerings of certain state-owned companies where FP is shareholder, Konieczny mentioned Oltenia Energy Complex, for which the IPO had also been postponed, the official deadline now being November 2015, and The Romanian Post, which would be privatized in H1/2015.