State sells over one billion euros' worth of shares on Stock Exchange this year - financiare.ro
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News » January, 2011 » 10 January 2011

State sells over one billion euros' worth of shares on Stock Exchange this year
10.01.2011, 00:04 | Capital Markets | 757 views



The Ministry of Economy plans to sell 15% of Transelectrica in June, 15% of Transgaz in September, while the initial public offering (IPO) for 15% in Romgaz could occur in December.

The state is also preparing to sell 9.84% in OMV Petrom, though no specific date has been revealed yet.
The sale of the four stakes could bring the Economy Ministry over one billion euros, considering the prices at which Transgaz, Transelectrica and Petrom are currently traded on the Stock Exchange and analysts' evaluations for Romgaz, a company held by Fondul Proprietatea (Property Fund).

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