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Bucharest
March 7, 2021
BUSINESS

Government approves the sale of 15 pc stake in Transgaz

The government approved yesterday, in a meeting held at the Victoria Palace, the sale of a 15 pc stake in Transgaz. The sale of the 15 pc stake is Romania’s promise to the IMF. After several delays, the last deadline is mid-April. The previous one was October 2012. However, in the meeting of September 27, CSAT decided not to sell the 15 pc package of shares in Transgaz in October.

The 15 package that will be put on sale is worth EUR 85.6 M, at current prices. The offer in which the state wants to sell 15 pc of Transgaz will launch at a minimum price of 171 RON/share and a maximum of 230 RON/share, so it might bring the state between approximately RON 300 M (EUR 68 M) and RON 400 M (EUR 90 M) for the respective package,. The offer will be active for 9 working days, starting today and ending on April 16.

 

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