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In May 2012, the merger of Complexul Energetic Turceni SA, Complexul Energetic Craiova SA, Complexul Energetic Rovinari SA and Societatea Naţionala a Lignitului Oltenia SA was completed for the creation of the new company Complexul Energetic Oltenia SA. The merger was approved by the General Meetings of Shareholders of these companies on April 30, 2012 and was registered with the Trade Register in May 2012.