Investment fund Fondul Proprietatea SA (BVB:FP) will list no less than 15% of Romanian state-owned hydro power producer S.P.E.E.H. Hidroelectrica S.A. (Hidroelectrica) in an initial public offering this month, outgoing Energy Minister Virgil Popescu said on June 16, 2023. Fondul, the company's sole minority shareholder plans to list up to 20% in Hidroelectrica, but has warned it might not be able to sell that amount in a solely domestic listing.