Electrica will launch secondary public offerings for Electrica Distributie Transilvania Sud, Electrica Distributie Transilvania Nord and Electrica Distributie Muntenia Nord, the document noted.
The draft decision didn’t specify a deadline for the three offerings.
Electrica owns 78% in each of the three distribution units, while the remaining shares are in the hands of investment fund Fondul Proprietatea (FP.RO).
Apart from the three distribution units, Electrica runs another three supply units grouped under Electrica Furnizare name and a repairs company.
According to Romania’s latest letter of intent to the International Monetary Fund, Electrica will transfer its supply business to Electrica Furnizare and will privatize the unit by end-October 2012.
Under a EUR3.5 billion loan program with the International Monetary Fund, Romania has agreed to agreed to strip Electrica of its attributions as power supplier and transfer them to Electrica Furnizare.
Electrica’s remaining attributions will include, among others, reading electricity meters and developing wind farm projects.