Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Hidroelectrica Insolvency Won’t Cause Company Bankruptcy

Don't Miss Out —
Follow us on:

June 19 (Bloomberg) -- Hidroelectrica SA’s insolvency won’t force the Romanian utility into bankruptcy though its planned sale of a stake is no longer possible this year, Chairman Remus Vulpescu said today in Bucharest.

The insolvency is meant to help the company’s reorganization and won’t lead to cuts in power, he told journalists.

“We didn’t eliminate or exclude the possibility of getting money for Hidroelectrica through a share sale, but it can’t be done this year,’’ Vulpescu said.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.