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Euro Insol, the judicial administrator of Uzina Constructoare de Masini (UCM) Resita, has announced the signing of the contract for the sale of the UCM Resita business to Uzina de Constructii Masini Hidroenergetice, a company controlled by Hidroelectrica, Romania’s biggest energy producer.
Green power producer Hidroelectrica (H2O.RO) has called shareholders for a meeting on January 22, 2024, to approve the acquisition of the business from UCM Resita SA and the establishment of a company to handle the transfer of business called „Uzina de Constructii Masini Hidroenergetice S.R.L” with a share capital of RON119.7 million and ‘Manufacture of engines and turbines (except for aircraft, vehicles, and motorcycles)’ as its core business.