Romanian nuclear power producer Nuclearelectrica plans to increase its share capital by EUR 54 million, pending approval by the company’s shareholders in a general shareholders meeting in October his year.

The Romanian state, which is the majority shareholder of the company, holding 81.3% of its shares, will contribute some EUR 43 million. This represents the investment the state made between 2006 and 2009 to buy heavy water for the second unit of the Cernavoda power plant.

Nuclearelectrica’s minority shareholders are expected to contribute some EUR 11 million in order to keep their current stakes in the company and not have them diluted.

In the capital increase, shareholders will have to pay RON 10 per share, which is the face value of the shares, while the current market price for Nuclearelectrica shares is RON 7.95 per share.

editor@romania-insider.com