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GDF makes buy-out offer to Fondul Proprietatea for 12% of Romanian subsidiary Engie

December 12, 2023

GDF International, the majority shareholder of Engie Romania, one of the largest gas distributors and suppliers in the country, sent Fondul Proprietatea an offer of EUR 87 million for the 12% stake that the Fund owns in Engie Romania.

The offer values Engie Romania at EUR 725 million. The company, in which the state is the second largest shareholder (37%), reported a net turnover of RON 15 billion (EUR 3 billion) and a net profit of RON 637 million (EUR 130 million) in 2022.

The...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/gdf-buyout-offer-fondul-proprietatea-engie-romania-2023
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