SOCIETATEA ENERGETIC

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Societatea Energetica Electrica S A : Electrica Closes Purchase of Three Electricity Distribution Companies in Romania

01/04/2021 | 03:35am
(MT Newswires) -- Societatea Energetica Electrica (ELSA.L) said Monday it completed the acquisiton of three electricity distribution companies, Societatea de Distributie a Energiei Electrice Transilvania Nord, SDEE Transilvania Sud, and SDEE Muntenia Nord.

The Romanian electric services company has become Distributie Energie Electrica Romania following the merger by absorption, effective Jan. 1, 2021.

The combined company will operate 198,988 kilometers of electric lines in 18 counties, from three geographical areas of the country, representing 40.7% of the Romanian territory, and will serve over 3.8 million users.

Electrica's stock was up almost 1% on Monday morning.

© MT Newswires 2021
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