Thus, bidding ends on May 21, 10:00 local time, and offers can be submitted at the Nuclearelectrica headquarters. One hour later, the bids will be open, according to an announcement placed on the website of privatization authority OPSPI.
The task book costs EUR8,000 plus VAT.
Bidders needs to file a EUR25,000 guarantee, or its equivalent in US dollars or local currency.
Bids will be valid for four months since opening.
The IPO is set to conclude by the end of October.
The shares to be floated will be issued within a 11.07% share capital hike, and the government will relinquish its subscription rights in order to allow investors to buy stock.
Investment fund Fondul Proprietatea (FP.RO) currently holds a 9.72% stake in the company, and it will need to subscribe 1.077% of the new shares in order to maintain its stake.
Nuclearelectrica has a share capital of 2.536 billion lei (EUR580 million), with a share face value of RON10. The company is 90.27% owned by the Economy Ministry.
Nuclearelectrica covers, through the two active reactors at Cernavoda, 20% of national electricity consumption.
Last year, the company posted a net profit of RON80 million, some five times more than in the previous year, while sales stood at RON1.588 billion, up 5% on the year. (EUR1=RON4.3746)