- Electrica’s €1 billion acquisition plan demonstrates its commitment to expanding operations across Romania and the EU.
- The €1 billion financing initiative positions the company for regional growth and greater competitiveness within the energy sector.
Romania’s state-controlled electricity utility group, Electrica, is seeking shareholder approval to borrow €1 billion for new acquisitions in the energy sector. The proposal, outlined in recent documents, shows the company’s ambition to expand and strengthen its operations. The Romanian state owns 49% of Electrica, which manages electricity supply and distribution. It is also listed on the Bucharest Stock Exchange.
Electrica plans to use the funds to buy companies, business lines, or assets linked to its core activities. The management has also asked permission to begin due diligence on possible deals. These acquisitions could happen in Romania or across other EU member states. This move reflects Electrica’s strategy to diversify and strengthen its role in the regional energy market.
According to Economica, on October 7, Electrica began talks with Macquarie, an investment fund, about acquiring Distribuție Energie Oltenia (DEO). Macquarie bought several energy assets from the Czech group CEZ four years ago but has been selling them gradually. DEO is now its last major holding in Romania.
Since spring, Macquarie has also discussed this with France’s Engie, which operates in gas distribution, renewable generation, and energy supply. Although Macquarie wants to leave the distribution business in Oltenia quickly, it is unlikely to sell below the regulated asset base, estimated at €750 million. Some analysts believe the fund could request up to €1 billion for DEO, depending on market conditions.
Electrica’s borrowing would be one of the largest financing deals in Romania’s utility sector in recent years if approved. The plan shows strong confidence in the local energy market and highlights Electrica’s readiness to seize new growth opportunities.
In the long run, Electrica’s strategy could reshape Romania’s energy sector. It aims to enhance reliability, drive innovation, and support sustainable regional growth.