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October 23, 2021

Government to sell 20 pc of Tarom shares on the stock exchange

The Executive approved Wednesday the sale on the stock exchange of a 20 pc stake in national airline Tarom, as provided by the agreement with the International Monetary Fund (IMF) and the European Commission (EC), the Financiarul newspaper reports. The Ministry of Transport was authorised to take all necessary measures in view of implementing the strategy and the sale of the shares through a secondary Initial Public Offer (IPO) on the Bucharest Stock Exchange. The decision about the moment when the shares will be put on sale belongs to the government, according to the press office of the Executive.

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