Valuation of the Shares after an Expropriation: The Case of ElectraBul
5 Pages Posted: 30 Dec 2012 Last revised: 2 Jun 2019
Date Written: May 28, 2019
This case presents the valuation of the shares of an electric company in an emerging country. It permits the reader to identify errors and recalculate the valuation.
ElectraBul was expropriated by the government in April 2010. The government said that ElectraBul shareholders should be paid a fair amount: the value of the shares according to a recognized valuator.
Keywords: valuation, emerging county, errors in valuation, Free Cash Flow, electric
JEL Classification: G12, G31, M21
Suggested Citation: Suggested Citation