The offering closed at 1700 local time (GMT1400), but the final data will be available Wednesday. At about 1820 local time (GMT1520), book orders were at 138% of the 10.99 million shares offered.
Calculated at the minimum asking price of RON14.9 a share, the stake put on sale is worth RON163.8 million ($49.77 million), while at the maximum price of RON19.2 a share the stake is worth RON211.1 million.
The Economy Ministry holds 73.68% in power grid operator Transelectrica, while investment fund Fondul Proprietatea (FP.RO) holds 13.49%. (EUR1=RON4.3688)