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Moldova’s and Romania’s energy sectors are partially controlled by pension funds

NN Group, which manages several pension funds, has exceeded the threshold of owning 10% of the shares of Premier Energy, a large energy company operating both in Romania and in the Republic of Moldova. According to a report submitted to the Bucharest Stock Exchange (BVB), NN funds, namely NN ACTIV, NN OPTIM and NN Privately Administered Pension Fund, now control 10.6% of the company's shares, up from 5.92% previously, Logos Press reported.
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Moldova’s and Romania’s energy sectors are partially controlled by pension funds

Premier Energy is one of the region’s leading players in the electricity supply, natural gas and renewable energy generation sectors. The Group owns or is developing more than 1,400 MW of renewable energy generation capacity (wind and solar) and supplies electricity to approximately 2.3 million consumption points in Romania and the Republic of Moldova.

In Moldova, Premier Energy controls the largest electricity distribution network covering about 75% of the population and is the main supplier of electricity to households and SMEs. The company also supplies and distributes natural gas through a network of almost 4,000 km in Romania, being the third largest player in the gas distribution market and the fourth largest electricity supplier in the country.

Analysts note that the fact that large pension funds are making portfolio investments in certain companies indicates that these companies are in good health and are competently managed.

The controlling stake in Premier Energy Group (71%) is controlled by Emma Capital, an investment fund registered in the Czech Republic and founded by entrepreneur Jiří Šmejc, the current CEO of investment giant PPF Group, which manages more than €44 billion in assets.


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