The country postponed the privatization of key state companies several times. On December 18, 2012 the government extended by yet another year the deadline by which it plans to sell minority stakes in several state-run companies. The deadline was moved to December 2013, from December 2012 previously.
The Government will launch initial public offerings for 10% in Nuclearelectrica in May, for 10% in Hidroelectrica once the company exits insolvency and for 10% in Romgaz in September, Nita said.
The Finance Ministry will launch Thursday a public offering to sell 15% in Transgaz at a price between 171 lei (EUR39) and RON230 (EUR52) per share.
Tuesday, Transgaz closed at RON213.5 per share. For the full stake, Romania could therefore get between RON300 million (EUR68 million) and RON400 million (EUR90 million).
Nita said the Economy Ministry will announce soon the name of the new general manager of Transgaz and the members of the executive board selected in a private manager headhunting process. (EUR1=RON4.4228)