“It’s in the state’s best interest to explore new financing alternatives and the stock exchange is one of those alternatives,” Lucian Anghel told a Mediafax conference.
Anghel cited the example of Poland’s largest copper producer KGHM, whose capitalization increased tenfold after the government reduced its holdings in the company to below 50%.
The stock exchange official mentioned the successful secondary offering of 15% in state-run natural gas transporter Transgaz (TGN.RO) earlier in the year, which brought the state EUR72 million.
“Following Transgaz’s success, a private company, namely Adeplast, will come to the stock market by the end of this year,” Anghel said.