Poland’s Innova, EBRD Buy Stake in Romanian EnergoBit, ZF Says

Innova Capital, a Poland-based private equity fund, acquired a majority stake in EnergoBit ESCO SA, a Romanian supplier of electricity equipment, Ziarul Financiar reported.

The European Bank for Reconstruction and Development also bought a minority stake in EnergoBit, the Bucharest-based newspaper said, citing Stefan Gadola and Ioan Socea, two of the company’s founding shareholders. The value of the transaction wasn’t disclosed, according to Ziarul Financiar.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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