“Bids can be filed until September 29, which is also the opening date,” the ministry’s privatization office said in a statement.
Transelectrica’s listing is part of a larger privatization strategy through which Romanian government plans to sell minority stakes in several key energy producers, including Hidroelectrica, Nuclearelectrica, Transgaz (TGN.RO), Romgaz and OMV Petrom (SNP.RO).
Initially scheduled for 2011, the secondary offerings of Transelectrica and Transgaz shares could be postponed until next year, according to ministry officials.
The ministry owns 73.68% in Transelectrica and 73.5% in Transgaz. Both companies are already traded in Bucharest.