12.7 C
September 25, 2021

Government drops plan to privatise Tarom

In the letter of intent to the new agreement with the IMF, Romanian authorities maintain the objective of privatising the Oltchim chemical plant, and the Turceni, Rovinari and Craiova energy providers, but provide only the sale of a minority stake in national airline Tarom, official sources said, quoted by Mediafax. According to the sources, Romanian authorities and the IMF delegation decided that the state will retain control upon the air carrier, but have not reached an agreement on the size of the minority package to be put on sale. Furthermore, the government will go on with the sale of minority stakes in Petrom (10 pc), Transelectrica (15 pc), Transgaz (15 pc) and Romgaz (15 pc).

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