Speaking at the MEDIAFAX Talks About Energy seminar, Radu Boanta said Transelectrica (TEL.RO) and Transgaz (TGN.RO), two key energy companies listed earlier in Bucharest, have added between 4% and 6% to market capitalization.
“Listing similar shares in Hidrolectrica and Romgaz will have a greater impact, due to their solid financials. We estimate that the two companies could reach together 5% to 10% of the market capitalization,” Boanta said.
Romania’s government plans to sell minority stakes in Hidroelectrica and Romgaz and to list more shares in Transelectrica and Transgaz, on top of the 12.8% and 11.5%, respectively, already traded in Bucharest.
The Economy Ministry owns 73.6% in Transelectrica and 73.5% in Transgaz.