The roadshows will hit Warsaw, Frankfurt, Stockholm, Tallinn and London, Florin Laurentiu told a seminar organized by Ziarul Financiar and the Bucharest Stock Exchange.
Romanian Economy Ministry owns 73.68% in Transelectrica. The ministry hired a consortium made of BCR, Intercapital Invest and Swiss Capital to assist with the sale in Bucharest.
Laurentiu said two other public offerings, in energy producers Nuclearelectrica and Hidroelectrica, respectively, will be completed by the end of October.
“The documentation for Nuclearelectrica is almost ready and the announcement to select a broker will be published shortly,” he said.
Romania wants to sell stakes of 10% in each of the two power companies and plans to use the money to increase the companies’ share capital.
Additionally, the government will launch a second offering of 15% in natural gas transporter Transgaz (TGN.RO) late April, the official said. A consortium of Raiffeisen Capital & Investment, BT Securities and Czech Wood& Co. will help with the sale.
The Economy Ministry owns 80.05% in Hidroelectrica, 90.28% in Nuclearelectrica and a stake of 73.5% in Transgaz.