The secondary public offering will take place between April 22 and May 22, and the price was set at RON0.2504 a share.

The price is 61.2% higher compared with the latest closing price, of RON0.1553 a share.

The company is 56.72%-owned by SIF Transilvania, while Constantin Fratila and his family hold together a 41.6% stake.

Thursday, COMCM Constanta traded 12.69% higher at RON0.175 a share in Bucharest. (EUR1=RON4.4762)