Bloomberg News

Romanian Hidroelectrica May Exit Insolvency in June, Bursa Says

January 14, 2013

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.

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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