Public Power Corporation S.A. acquired Distributie Muntenia S.A., Energie Muntenia S.A., Dobrogea S.A., Banat S.A., ENEL Energie S.A. from Fondul Proprietatea SA (BVB:FP) for RON 650 million

Public Power Corporation S.A. (ATSE:PPC) signed an agreement to acquire Distributie Muntenia S.A., Energie Muntenia S.A., Dobrogea S.A., Banat S.A. and ENEL Energie S.A. from Fondul Proprietatea SA (BVB:FP) for RON 650 million on April 19, 2023. Public Power Corporation S.A. will acquire 12% in E-Distributie Muntenia S.A., 12% in Enel Energie Muntenia S.A., 24.1% in E-Distributie Dobrogea S.A., 24.1% in E-Distributie Banat S.A., and 12% in ENEL Energie S.A. from Fondul Proprietatea SA. The completion of the sale under the agreement with Fondul Proprietatea is subject, among others, to the closing of the transaction between Enel and Public Power Corporation. Alexandru Birsan and Cristina Filip of Filip & Company acted as legal advisor to Fondul Proprietatea SA.

Public Power Corporation S.A. (ATSE:PPC) completed the acquisition of Distributie Muntenia S.A., Energie Muntenia S.A., Dobrogea S.A., Banat S.A. and ENEL Energie S.A. from Fondul Proprietatea SA (BVB:FP) on October 26, 2023.