“We hope to obtain RON300 to RON350 million,” Nita told reporters. The minister declined to reveal a price range for the planned initial public offering of 25.368.236 shares in Nuclearelectrica.
Nuclearelectrica’s IPO will include three separate packages for corporate and retail investors, Nita said.
He estimated the offer would be launched after July 10.
Nucleareletrica is majority owned by the Economy Ministry, with a 90.28% stake, while investment fund Fondul Proprietatea (FP.RO) holds the remaining shares.
The company operates two 700-megawatt reactors in Cernavoda, covering around 20% of Romania’s energy consumption. (EUR1=RON4.992)