Shareholders approve merger of Romanian Electrica’s power distribution subsidiaries

The shareholders of major Romanian utility holding Electrica approved the merger of the group’s electricity distribution subsidiaries, according to Romania-Insider.com.

Thus, the three power distribution companies in Electrica group (SDEE Transilvania Nord, SDEE Transilvania Sud, SDEE Muntenia Nord) will merge into a single entity that will be named Distributie Energie Electrica Romania (DEER). The merger will become effective as of January 1, 2021, Economica.net reported.

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