Energy
Romania Stands To Collect RON164.7M From Transelectrica Public Offering
Romania stands to collect 164.7 million lei (EUR37.7 million) from selling 15% in state-owned power grid operator Transelectrica (TEL.RO) in a public offering concluded Tuesday.
Transelectrica's Shares In High Demand. Public Offering Was Oversubscribed
Bids in the secondary public offering of Romanian power grid operator Transelectrica (TEL.RO) passed the 100% mark Tuesday, so that the government will sell the entire 15% stake in the compa...
Basescu: Romania To Rethink Security Specifications For Nuke Project
Romanian President Traian Basescu said Tuesday the paperwork for the auction to select an investor to develop reactors 3 and 4 at the nuclear power plant in Cernavoda will be changed to incl...
Electrica Branches To Be Listed In Second Half Of 2012 - Sources
The three branches of Romanian electricity supplier Electrica will be floated on the Bucharest Stock Exchange in the second half of this year, and the listing schedule will be developed with...
Romania To Start Floating Electrica Units
Romanian authorities decided the start of procedures to list 15% stakes in electricity distributors Electrica Distributie Transilvania Sud, Electrica Distributie Transilvania Nord and Electr...
Authorities To Start Seeking Broker For Nuclearelectrica IPO In 10 Days
The Romanian Economy Ministry will launch in 10 days the selection of a broker to list 10% in state-owned nuclear power plant operator Nuclearelectrica, according to Florin Vladan, head of p...
Government Wants To Restart Negotiations To Recover Debts Owed By Oil Company Rompetrol
Romanian Prime Minister Mihai Razvan Ungureanu has decided to restart negotiations with Kazakh state-owned company KazMunayGas to recover oil group Rompetrol’s debts to the state budget, Gov...
Asian Investors Eye EUR900M Energy Project Unfolded By Romania Authorities
Romanian authorities received two offers, from Japanese Marubeni Corporation and China Huadian Engineering, for the construction of an energy production group at power producer Rovinari.
Oltchim Privatization Auction Set For May 31
The auction for the privatization of Romanian chemical company Oltchim (OLT.RO) will take place on May 31, Florin Vladan, head of privatization authority OPSPI, told a news conference Tuesda...