Electrica grants loan worth RON 520 mln to distribution arm

Ovidiu Posirca 06/04/2018 | 11:54

Power company Electrica will lend RON 520 million (over EUR 111 million) to three of its subsidiaries operating in the electricity distribution segment. The funding will be used for investments.

The loans will be granted to Societatea de Distribuție a Energiei Electrice „Muntenia Nord” SA (SDMN), Societatea de Distribuție a Energiei Electrice „Transilvania Nord” SA (SDTN) and Societatea de Distribuție a Energiei Electrice „Transilvania Sud” SA (SDTS), affiliates, where Electrica is the main shareholder.

Muntenia Nord branch will get RON 230 million, while Transilvania Nord will receive RON 160 million. Meanwhile, Transilvania Sud will receive RON 130 million in funding, according to a statement submitted to the Bucharest Stock Exchange.

The expiry date of the loans is April 4 2025.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Ovidiu Posirca | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue