Listing procedures will be completed on December 31, 2013 at the latest, reads the draft act.
Under a EUR5 billion loan agreement with the International Monetary Fund and the European Commission, Romania planned to list by the end of 2012 or the beginning of 2013 minority stakes in hydropower generator Hidrolectrica, nuclear power company Nuclearelectrica, natural gas transporter Transgaz (TGN.RO), gas producer Romgaz, energy companies Complexul Energetic Hunedoara, Complexul Energetic Oltenia, Elcen Bucuresti, national carrier Tarom, freight railway carrier CFR Marfa and postal company Posta Romana.
Also, the government pledged to sell a stake of 15% in Transgaz and Transelectrica (TEL.RO) in a secondary public offering on the Bucharest market. The public offering targeting Transelectrica shares ended successfully at the end of March.
The privatization of copper producer Cupru Min failed and the government has not announced a date to resume procedures.
The listing of Hidroelectrica was cancelled, as the hydropower producer entered insolvency this week.