The company rejected what it called “fake news”, according to which it reportedly planned to purchase the biggest hydroelectric producer in the country.

“With 25 years of experience in the local market, the company provides essential water and energy resource management services in Romania. Veolia operates in full compliance with Romanian legislation, built on transparent and long-term partnerships with local authorities and communities,” said the company in a statement.

Apa Nova București is managed as a joint venture between Veolia and the Bucharest Municipality.