“For the first time in the past years, we will honor our international commitments. We’ve promised to list Transgaz in April and we’ve delivered; we also intend to deliver on our promise to list Nuclearelectrica in May,” Nita told a news conference.
He said an initial public offering for Nuclearelectrica stock would be scheduled after May 15.
Nucleareletrica is majority owned by the state, through the Economy Ministry. The company operates two 700-megawatt reactors in Cernavoda, covering around 20% of Romania’s energy consumption.
Under a EUR3.6 billion loan agreement with the International Monetary Fund, the government has pledged to sell shares in several key state-run companies, including Nuclearelectrica, natural gas transporter Transgaz (TGN.RO), freight rail company CFR Marfa, and natural gas producer Romgaz.
A secondary offering of 15% in Transgaz which ended April 16 has brought the state EUR72 million, Nita told reporters earlier Wednesday.
He said the offer was oversubscribed, with foreign investors purchasing 70% of the available stock.