Interested brokerages may file bids until April 15, CE Oltenia said. The offers will be opened on the same day.
Oltenia holding was found in 2012 following the merger of mining company Societatea Nationala a Lignitului Oltenia and energy producers Turceni, Craiova and Rovinari.
The company has a share capital of 1.27 billion lei (EUR289 million). The Economy Ministry is majority holder, with a 77.17% stake, while investment fund Fondul Proprietatea (FP.RO) owns 21.53%.
Oltenia plans to increase its share capital by up to 15.29%, with 12% of the newly issued shares to be listed in Bucharest. The remaining 3.29% will be made available to Fondul Proprietatea, which has preference rights over the shares.
The company has a total installed capacity of 3,570 megawatts, covering over one third of Romania’s electricity production.
Oltenia mulls total investments of EUR1.2 billion between 2013 and 2018.