Company Overview of Electrica Transilvania Sud
Electrica Transilvania Sud is a power distribution company. It supplies electric power through branches in the Alba, Brasov, Covasna, Harghita, Mures, and Sibiu regions. The company’s services include electricity acquisition and management, tariff administration, and metering and billing. Electrica Transilvania Sud is based in Brasov, Romania. The company is a subsidiary of Electrica SA.
25, Pictor Luchian Street
Key Executives for Electrica Transilvania Sud
Electrica Transilvania Sud does not have any Key Executives recorded.
Electrica Transilvania Sud Key Developments
Electrica Distributie Transilvania Sud SA Reports Unaudited Earnings Results for the Year 2015; Provides Earnings Guidance for the Year 2016
May 13 16
Electrica Distributie Transilvania Sud SA reported unaudited earnings results for the year 2015. For the year, the company reported total revenue of RON 775.3 million compared to RON 739.3 million a year ago. Operating profit was RON 178.1 million compared to RON 121.5 million a year ago. Net profit was RON 152.6 million compared to RON 100.1 million a year ago.
The company provided earnings guidance for the year 2016. For the year, the company expects total revenue of RON 775.9 million, operating profit of RON 154.1 million and net profit of RON 127.3 million.
Electrica And FP Negotiations Cease
Mar 29 16
Negotiations between S.C. Electrica S.A. (BVB:EL) and SC Fondul Proprietatea SA (BVB:FP) regarding a potential acquisition of the participations held by it in the distribution and supply subsidiaries have been halted. According to the mandate given by the extraordinary general meeting of shareholders (EGMS) through resolution no. 3 of November 2015, the Board of Directors of Electrica was empowered to negotiate with Fondul Proprietatea (FP) in relation to a potential acquisition by Electrica of the minority participations held by FP in subsidiaries including, Electrica Muntenia Nord SA, Electrica Distributie Transilvania Nord SA, Electrica Transilvania Sud and SC Electrica Furnizare SA. Electrica informed its shareholders and investors that the negotiations between Electrica and FP were ceased, since no consensus was reached regarding the transactions' price. Electrica's last firm non-negotiable price, from March 24, 2016, was of RON 790 million in line with the firm offer received from FP in March 2015, and with the recent discussions. On March 28, 2016, FP sent Electrica a letter through which it declines this offer of RON 875 million.
Electrica Announces Plan To Purchase Entire Stake Held By Fondul Proprietatea In Four Subsidiaries
Nov 10 15
S.C. Electrica S.A. (LSE:ELSA) is planning to acquire stake some stake held by SC Fondul Proprietatea SA (BVB:FP), in four of its subsidiaries. Management Board of Electrica has mandated to start negotiations with Fondul Proprietatea on behalf of Electrica to acquire the entire stake held by the latter in the share capital of Electrica's subsidiaries, respectively Electrica Muntenia Nord SA (EDMN), Electrica Distributie Transilvania Nord SA(EDTN), Electrica Transilvania Sud (Electrica Distributie Transilvania Sud-EDTS) and SC Electrica Furnizare SA (Electrica Furnizare). S.C. Electrica shall purchase 21.99% stake EDMN or 7.8 million shares; 22% stake of EDTN or 8.17 million shares; 21.99% stake of EDTS or 9.33 million shares; and 22% stake of Electrica Furnizare or 1.37 million shares. At the completion of the negotiation process, the Board is required to publicly announce the offered price, either accepted or not accepted by Fondul Proprietatea, together with the economic argumentation that formed the base of the offer. Board will have to close the negotiation process by March 31, 2016.
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