“Both prices will be announced in the beginning, so that the minimum price would create competition between investors,” the sources said.
Corporate investors will have access to 90% of the shares put on sale, while small investors will get 10%.
The public offering will unfold over 10 working days, and it could be extended by one to three days, depending on investor interest.
Calculated on the latest Transelectrica share price, RON17.25 (EUR3.9), the stake put on sale was evaluated at RON189.6 million.
The Economy Ministry holds 73.68% in Transelectrica, while investment fund Fondul Proprietatea (FP.RO) holds 13.49%. (EUR1=RON4.3553)