Romanian Hidroelectrica May Exit Insolvency in June, Bursa Says

Hidroelectrica SA, Romania’s state-owned hydro-power generator, may exit an insolvency procedure at the end of June, Bursa newspaper reported today, citing Remus Borza, the company’s judicial administrator.

Hidroelectrica estimates gross profit of 100 million euros ($134 million) for this year, compared with a loss of 35 million euros last year, Borza told the Bucharest-based newspaper.

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