A bill blocking any sale of shares to state-owned companies, initiated by PSD, passed quickly, without much debate, by the Senate, now being debated in the Chamber of Deputies, in an emergency procedure. The stake of the project is to block for a period of two years any procedures for listing Hidroelectrica. Just recently, Hidroelectrica signed a consulting contract for the listing of a minority stake, according to Hotnews.ro.
“Any operations regarding the alienation of state participations in national companies and corporations, as well as in the companies in which the state has the quality of shareholder, started before the entry into force of this law, shall be suspended for two years,” the project states.
By law, the state is blocked from selling, but not buying new shares, supporting the SAPE and Hidroelectrica program to acquire CEZ assets. The project stipulates that the state can buy shares from companies in the field of medicine production, in the field of machine construction, electricity and heat distribution, exploration of mineral resources, transport, drinking water distribution, post office and communications.