“SNTGN Transgaz SA concluded a legal act of the type provided in art. 234 para. 1, point i) of the FSA Regulation no. 5/2018 on issuers of financial instruments and market operations. In accordance with Art. 234 para. 1, point i) of the FSA Regulation no. 5/2018, SNTGN Transgaz SA reports a legal act whose value exceeds 10% of the net turnover for the financial year 2019. The scope of the contract is the loan in the amount of 300 million lei for the financing of the working capital requirement of SNTGN Transgaz S.A.,” Transgaz said in a stock market statement.
Transgaz, a concessionaire and operator of the gas transmission network in Romania, is 58.5% held by the Romanian State.