“It is not a very quick process, but I shall start talks with the national bank”, Citu told private television Digi 24, adding the deadline for the public offering is almost “one year” and the stake will be at least 20% of the lender’s shares.
The planned stock market listing would translate into a new capital increase for the CEC Bank, which recently enjoyed a fresh capital injection of over RON900 million following the approval of the European Commission.
The minister also said the stock market listing of state-run energy company Hidroelectrica is also in an advanced stage, which will also happen with CEC Bank.
Hidroelectrica listing is scheduled at the beginning of 2020 autumn, according to the statements of Hidroelectrica general manager, Bogdan Badea.