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Capital Market

Only One Bidder In Auction For Brokering Transgaz Public Offer

A consortium formed of Raiffeisen Capital&Investment, BT Securities and Czech brokerage firm Wood&Co was the sole bidder in the auction for a broker to intermediate the sale of a 15% stake i...

Andrei Cîrchelan · 08.12.2011 · 10:47 · 1 min
S&P Downgrades Transgaz To 'BB+'; Outlook Stable
Capital Market

S&P Downgrades Transgaz To 'BB+'; Outlook Stable

Standard & Poor's Ratings Services on Wednesday said it lowered its local currency long-term corporate credit rating on Romanian natural gas transmission operator Transgaz Medias (TGN.RO) to...

Bogdan Neagu · 07.12.2011 · 13:04 · 1 min
Only 11 Out Of The 100 Most Valuable Companies Are Listed
Capital Market

Only 11 Out Of The 100 Most Valuable Companies Are Listed

The overall value of stock-exchange listed companies fell by EUR7.8 billion since the beginning of the year, despite the listing of investment fund Fondul Proprietatea (FP.RO) in January thi...

Andrei Cîrchelan · 06.12.2011 · 00:00 · 2 min
Ariton: Romania Won’t Sell Stock In Transelectrica, Transgaz At Just Any Price
Capital Market

Ariton: Romania Won’t Sell Stock In Transelectrica, Transgaz At Just Any Price

Romania will sell minority stakes in key state-run companies such as Transelectrica (TEL.RO) and Transgaz (TGN.RO) only if it can get the “best price”, Economy Minister Ion Ariton said Monda...

Florentina Dragu · 05.12.2011 · 16:39 · 1 min
Capital Market

Transgaz SPO Brokerage Auction Takes Bids Until Dec 8

Romania’s Economy Ministry on Wednesday announced that bids will be accepted until December 8 on the brokerage of the operation where an additional 15% stake in Transgaz (TGN.RO) will be lis...

Andrei Cîrchelan · 16.11.2011 · 13:25 · 1 min
Transgaz 9-Month Net Profit Flat At RON284M
Energy

Transgaz 9-Month Net Profit Flat At RON284M

Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Thursday reported a net profit of 283.9 million lei (EUR67.5 million) in the first nine months, barely changed from...

Andrei Cîrchelan · 03.11.2011 · 10:09 · 1 min
Energy

Condmag To Build RON27M Gas Pipeline For Transgaz

Condmag Brasov (COMI.RO) will build a gas pipe worth 27.2 million lei (EUR6.2 million) for state-owned gas transporter Transgaz (TGN.RO).

Andrei Cîrchelan · 02.11.2011 · 18:22 · 1 min
Ionescu, BVB: Romania Should Sell Transelectrica, Transgaz Stakes Below Market Price
Capital Market

Ionescu, BVB: Romania Should Sell Transelectrica, Transgaz Stakes Below Market Price

Romania needs to go below the market price when selling 15% stakes in Transelectrica (TEL.RO) and Transgaz (TGN.RO), to make sure that investors bid, Wednesday said Valentin Ionescu, general...

Andrei Cîrchelan · 05.10.2011 · 16:54 · 1 min
Energy

Romania Imported Puny Amounts Of Gas Via Arad-Szeged Pipeline One Year After Launch

Romania imported 2.37 million MWh of natural gas through the Arad-Szeged pipeline in the year through August 2011, amounting to 0.001% of the local consumption.

Florentina Dragu · 29.09.2011 · 17:58 · 1 min