BUCHAREST (Reuters) – The planned initial public offering of Romanian state-owned hydropower producer Hidroelectrica on the Bucharest Stock Exchange is seen happening in May or June, board member Karoly Borbely said on Thursday, flagging a later than expected period.
The IPO consists of shares belonging to investment fund Fondul Proprietatea, run by investment manager Franklin Templeton, the sole minority shareholder in Hidroelectrica.
In November, the fund said the listing was expected in April-May.
(Reporting by Luiza Ilie; Editing by Jason Hovet)
