Company Overview of Electrica Muntenia Nord SA
Electrica Muntenia Nord SA distributes and supplies power. The company was founded in 2001 and is based in Prahova, Romania. Electrica Muntenia Nord SA is a subsidiary of Electrica SA.
Marasesti St. No. 44 Ploiesti
Founded in 2001
40 24 440 5199
40 24 440 5824
Key Executives for Electrica Muntenia Nord SA
Electrica Muntenia Nord SA does not have any Key Executives recorded.
Electrica Muntenia Nord SA Key Developments
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.
Electrica Planning To Acquire Additional Stake In Its Four Units
Sep 24 15
S.C. Electrica S.A. (LSE:ELSA) may acquire additional stakes in its four subsidiaries that are held by SC Fondul Proprietatea SA (BVB:FP). Electrica said that extraordinary general meeting of shareholders is scheduled on November 10, 20145 or November 11, 2015 to start negotiations. The four units are Electrica Muntenia Nord SA (EDMN), Electrica Distributie Transilvania Nord SA (EDTN), Electrica Transilvania Sud (EDTS) and SC Electrica Furnizare SA (EF).
S.C. Electrica Ceases Negotiations With Fondul Proprietatea Over Acquisition Of Stake In Units
Apr 3 15
S.C. Electrica S.A. has decided to cease the negotiations in relation to the potential acquisition by Electrica of the minority participations held by SC Fondul Proprietatea SA in subsidiaries of Electrica. The subsidiaries are: Electrica Muntenia Nord SA, Electrica Transilvania Sud, Electrica Distributie Transilvania Nord SA and SC Electrica Furnizare SA. The companies decided to cease the negotiations since no consensus was reached regarding the price of the transaction.
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