“The plan is to stimulate the increase in the number of issuers and boost the liquidity on the capital market. We are in advanced talks with the government, mainly with the Finance Ministry which identified companies minority or majority owned by the state, which are listed on the stock market, as well as companies that are yet to be listed on the Bucharest Stock Exchange,” Negritoiu told a press conference Tuesday.
The companies in question are included in three categories, five on each segment: non-privatized firms which are majority owned by the state (such as Hidroelectrica, Portul Constanta, Aeroporturi Bucuresti), privatized companies that have not been listed and are minority owned by the state (Telekom, Distrigaz Sud, Distrigaz Nord, Electrica) which has the option to partially or fully sell its stake, as well as listed companies either minority or majority owned by the state which can raise its offering (Petrom, Nuclearelectrica and Romgaz).
“Listing these companies can bring over EUR1 billion to the state treasury and would contribute to boosting the liquidity and volume of transactions on the Bucharest Stock Exchange,” Negritoiu also said.