Fondul Proprietatea : Sale of Fondul Proprietatea’s minority shareholding in E-Distributie Muntenia S.A., Enel Energie Muntenia S.A., E-Distributie Dobrogea S.A., E-Distributie Banat S.A., and ENEL Energie S.A.
Current report according to Article 234 para. (1) of the Financial Supervisory Authority Regulation no. 5/2018 on issuers of financial instruments and market operations, as well as the provisions of Article 99 letter s) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments.
Important events to be reported:
Sale of Fondul Proprietatea's minority shareholding in E-Distributie Muntenia S.A., Enel Energie Muntenia S.A., E-Distributie Dobrogea S.A., E-Distributie Banat S.A., and ENEL Energie S.A.
Franklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director ("AIFM / Fund Manager") of Fondul Proprietatea S.A. (the "Fund"), would like to inform the shareholders that the Fund, as seller, and the Greek company Public Power Corporation S.A. ("PPC"), as purchaser, have concluded on 19 April 2023 an agreement for the sale of all the equity stakes held by the Fund in E-Distributie Muntenia S.A., Enel Energie Muntenia S.A., E-Distributie Dobrogea S.A., E-Distributie Banat S.A., and ENEL Energie S.A. (the "SPA"), in exchange for a total consideration of RON 650,000,000.
The SPA is concluded following the entry by Enel S.p.A. and PPC into an agreement for the sale of all the equity stakes held by the Enel Group in Romania (https://www.enel.com/media/explore/search-press-releases/press/2023/03/enel-signs-agreement-to-sell-its-romanian-operations-to-ppc).
The completion of the sale under the SPA is subject, among others, to the closing of the transaction between Enel and PPC. Further announcements will be made as and when relevant.
Franklin Templeton International Services S.À R.L, in its capacity of alternative investment fund manager and sole director of FONDUL PROPRIETATEA S.A.
Fondul Proprietatea SA published this content on 20 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2023 06:13:03 UTC.
Fondul Proprietatea S.A. is an alternative investment fund that specializes in acquiring shares in companies operating in the renewable energy, oil and gas industries, bank, infrastructure construction sectors, etc.
At the end of 2020, the group's portfolio amounted, in market value, to RON 10.3 billion.
Fondul Proprietatea : Sale of Fondul Proprietatea’s minority shareholding in E-Distributie Muntenia S.A., Enel Energie Muntenia S.A., E-Distributie Dobrogea S.A., E-Distributie Banat S.A., and ENEL Energie S.A.