The funds will cover the financing and refinancing of an investment conducted by Transgaz in the north-east of Romania with the aim of improving the natural gas supply of the area, as well as securing transmission capacities to/from the Republic of Moldova.
Transgaz handles transmission of 90% of the natural gas consumed in Romania.
The company posted RON112 million net profit at the end of the first nine months, down 45%, and operating revenue of RON954 million, 5% lower than in the similar period of 2020.
Transgaz is 58.5% held by the Romanian government, through the General Secretariat of the Government, while the rest of the share capital is held by other investors on the stock exchange.
(English version by Loredana Fratila-Cristescu)