The minimum price is 12.6% below Transelectrica’s latest market price of RON17.06 a share (EUR3.91), while the maximum price is 12.5% higher.
Transelectrica will offer almost 11 million shares, or 15% of the company, to the public between March 14 and March 27.
The price range values the stake between RON163.8 million (EUR37.6 million) and RON211.1 million (EUR48.4 million).
The Romanian Economy Ministry owns 73.68% in Transelectrica. The ministry hired a consortium made of BCR, Intercapital Invest and Swiss Capital to assist with the sale in Bucharest.