Romania Extends Bidding Deadline to Manage Romgaz Stake Sale

Romania extended the deadline for bids to manage the planned sale of a 15 percent stake in the natural gas producer Romgaz SA to Jan. 16, Florin Vladan, an economy ministry director charged with the sale, said by phone.

The initial deadline was Dec. 29, according to the ministry.

The government plans to sell the Romgaz stake by September on the Bucharest Stock Exchange, Vladan said on Dec. 14.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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