M&A Activity • Mar 24, 2023
M&A Activity
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Societatea Energetica Electrica S.A. 9, Grigore Alexandrescu str. 010621 District 1, Bucharest, Romania Phone: 021-208 59 99 Fiscal Registration Code RO 13267221 J40/7425/2000 Share capital: 3,464,435,970 RON www.electrica.ro
To: Bucharest Stock Exchange (BSE) London Stock Exchange (LSE) Romanian Financial Supervisory Authority (FSA)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, the Romanian Capital Market Law no. 297/2004, FSA Regulation no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code
Report date: 24 March 2023
Company name: Societatea Energetica Electrica S.A. (Electrica)
Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania
Phone no.: 004-021-2085999
Fiscal Code: RO 13267221
Trade Register registration number: J40/7425/2000
Subscribed and paid in share capital: RON 3,464,435,970
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE) and London Stock Exchange (LSE)
Electrica informs the shareholders and investors that, on 24 March 2023, has completed the acquisition, from Mr. Emanuel Muntmark si Mr. Catalin Mrejeru the project company Sunwind Energy SRL having as main object of activity the production of energy from photovoltaic sources.
Sunwind Energy SRL develops the photovoltaic project company "Satu Mare 2", with a designed installed capacity of 27.055 MW, located near Botiz locality, Satu Mare county. The project is in the "ready-to-build" phase.
The transaction in question is in line with the 2019-2023 Electrica Group strategy, which envisages the expansion in the value chain of electricity, especially in the power production from renewable energy sources.
Electrica informed the capital market on 28 July 2021 regarding the signing of the sales and purchase agreement for the acquisition of 100% of the shares in the Sunwind Energy SRL project company, through the following announcements: BSE – IRIS code: 80AB5, LSE – RNS code: 8167G
"According to the strategic commitment we made to our stakeholders, we are continuing the process of expanding Electrica Group's activity in the field of electricity production from renewable sources. At the beginning of February, we completed the acquisition process of the company developing the "Vulturu" photovoltaic project, and the team's efforts were channeled towards new opportunities in this area of interest. In our point of view, such approaches are not only of particular importance from the business strategy perspective, but have also become a necessity at the industry level. In this sense, Electrica Group will continue to pursue the expansion of its portfolio in the field of electricity production from renewable sources", declared Alexandru Chirita, CEO Electrica.
For more information, please contact Electrica at [email protected].
Chief Executive Officer Alexandru – Aurelian Chirita
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