The shares would be taken out of the 85% stake owned by the Economy Ministry in the company. The remaining 15% is owned by investment fund Fondul Proprietatea (FP.RO).
Bids will be filed until December 29, 12 pm local time, and they will be opened 30 minutes later.
The task book costs EUR8,000 or its RON or USD equivalent, plus VAT. The literature needs to be bought by one broker in each consortium.
Bidders need to file a guarantee worth EUR25,000, or its equivalent in RON or USD.
Romgaz has a share capital of 383 million lei (EUR87.8 million), divided into 38.2 million shares with a face value of RON10.
Local authorities have agreed with the International Monetary Fund to sell stakes of 15% in Romgaz, Transelectrica (TEL.RO) and Transgaz (TGN.RO), at least 10% each in Hidroelectrica and Nuclearelectrica, 10% in OMV Petrom (SNP.RO), 20% in CFR Marfa and up to 20% in Tarom.
Romgaz concluded the first eight months of the year with a net profit of RON677.7 million, compared to RON297.61 million in the same interval of 2010.
In 2010, the company posted a net profit of RON508.5 million. (EUR1=RON4.3587)