“I will be one of those trying to buy stock,” Lohan said, adding the company’s employee association is also interested in buying shares.
Authorities are currently unfolding a secondary public offering to sell an additional 15% in Transelectrica. The operation was launched Wednesday and it will unfold over 10 working days, namely until March 27.
Investors can subscribe shares at prices between 14.9 and 19.2 lei (EUR3.4-4.4) per share.
Calculated on the minimum price, the stake put on sale is worth RON163.8 million, while calculated on the maximum price it is worth RON211.1 million.
Lohan took the company’s helm on February 14, replacing Horia Hahaianu, who was dismissed when he misspoke about the energy resources available nationwide during the recent blizzard.
The offering is brokered by a consortium that includes Banca Comerciala Romana (BCR), Intercapital Invest and Swiss Capital.
The company is 73.68% owned by the Economy Ministry. Other shareholders include investment fund Fondul Proprietatea (FP.RO) with a 13.49% stake.
Wednesday, Transelectrica shares traded down 4.45% on the day, at RON16.3. (EUR1=RON4.3608)