Romania Opens Transelectrica Share Sale at 13% Price Discount
The Balkan nation, which plans to sell minority stakes in six energy companies this year, opens the subscription period today for 15 percent of the grid operator at a minimum price of 14.9 lei ($4.50) per share, 13 percent below the last closing market price, and a maximum price of 19.2 lei, it said yesterday.
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Romania to Sell Minority Stakes in Key Energy Companies
April 21 (Bloomberg) -- Romania plans to sell minority stakes in key energy companies, including OMV Petrom SA and utilities Transelectrica SA and Transgaz SA in nine months to fund infrastructure projects.
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