Congaz has a widespread ownership. Romanian leading oil and gas company OMV Petrom (SNP.RO), Germany’s utility E.ON, and GDF Suez Energy Romania each own 28.59% of the company’s shares, while local company Petroconst holds a 13.94% stake.
Congaz’s shareholders declined to comment on a potential sale. Contacted by Mediafax, Petrom said only that Congaz “was not one of the company’s core assets.”
Congaz operates a gas distribution network serving around 50,000 customers in Constanta County, southeast Romania.
The company reported a net profit of 5.7 million lei (EUR1.28 million) in 2012, well below RON13.5 million in the previous year. Sales were roughly flat at RON152 million. (EUR1=RON4.4339)