Valuation of the Shares after an Expropriation: The Case of ElectraBul

5 Pages Posted: 30 Dec 2012 Last revised: 2 Jun 2019

See all articles by Pablo Fernandez

Pablo Fernandez

University of Navarra - IESE Business School

Date Written: May 28, 2019

Abstract

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

Fernandez, Pablo, Valuation of the Shares after an Expropriation: The Case of ElectraBul (May 28, 2019). Available at SSRN: https://ssrn.com/abstract=2191044 or http://dx.doi.org/10.2139/ssrn.2191044

Pablo Fernandez (Contact Author)

University of Navarra - IESE Business School ( email )

Camino del Cerro del Aguila 3
28023 Madrid
Spain
+34 91 357 0809 (Phone)
+34 91 357 2913 (Fax)

HOME PAGE: http://web.iese.edu/PabloFernandez/

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