Board of Directors mandated Electrica’s representative in the GSM of the two companies within the Group to vote for the approval in principal of the merger through absorption between FISE and SEM and the participation of the companies to the merger, with FISE as absorbing company.

Electrica published an announcement on the Bucharest Stock Exchange stating that the company’s Board of Directors mandated Electrica’s representative in the GSM of the two energy services companies within Electrica Group to vote for the approval in principal of the merger through absorption between Filiala de Intretinere si Servicii Energetice Electrica Serv (FISE) and Servicii Energetice Muntenia (SEM) and the participation of the companies to the merger, with FISE as absorbing company. This approval in principal is in line with the strategy elaborated by Electrica Group for the period 2019-2023 and has as objective the increase in the efficiency of the two companies involved.  

The company notes that the merger through absorbtion of the two companies within Electrica Group would take place only in case Electrica’s Extraordinary GSM mandates Electrica’s representative in the Companies’ GSM to vote for the approval of the dissolution of the absorbed company.