The pipeline operator plans to pay around EUR60 million for pipeline rehabilitation. Other contracts refer to IT software and applications, as well as to fuel and vehicle purchases and various other services.
In 2011, Transgaz has awarded public procurement contracts worth 300.6 million lei (EUR69.2 million).
Transgaz is 73.5%-owned by the Economy Ministry. Romanian investment fund Fondul Proprietatea (FP.RO) has almost 15% of its shares, while the rest is distributed among various shareholders.
Romania plans to sell another 15% in Transgaz. A consortium made of Raiffeisen Capital & Investment, BT Securities and Czech brokerage Wood& Co. submitted the only offer to broker the sale.