The ministry will wave its subscription rights on the new shares issued via two initial public offerings on the Bucharest Stock Exchange, according to the document.
The document doesn’t specify a date for the two IPOs.
Under a memorandum of understanding with the International Monetary Fund, Romania’s government pledged to sell minority stakes in Hidroelectrica and Nuclearelectrica with a view towards generating sizable additional investment in the energy sector.
The Economy Ministry owns 80.05% in Hidroelectrica and 90.28% in Nuclearelectrica, while investment fund Fondul Proprietatea (FP.RO) holds stakes of 19.94% and 9.72%, respectively.
According to the draft government decision, Fondul Proprietatea will be able to keep its holdings in the two companies by subscribing shares during the IPOs.