Tomorrow, the government decides selling price for Romgaz shares

The government is scheduled to convene Friday in a special session to approve the last phase of the listing procedure of 15% of Romgaz shares, namely the share selling price range, Prime Minister Victor Ponta announced in yesterday’s Executive meeting. One week ago, capital market sources stated for Mediafax that the state’s offer to sell 15% of Romgaz Medias shares may be launched sooner than expected, on October 18 or 19. Sources say that if the Romgaz offer attracts over EUR 450 million, it will be considered a success. Previous assessments made by authorities were closer to EUR 600 million. The government has committed to the IMF to list Romgaz on the stock exchange in November, after several years of postponement.

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