Breaking News


Romania Plans to Sell 15% Holding in Energy Company Oltenia

Romania plans to sell a minority stake in a newly formed energy company, Complexul Energetic Oltenia SA to boost its capital, the country’s economy ministry said today.

Romania, which formed Oltenia by merging three state-owned thermal power plants and coal mines, will seek to sell a 15 percent stake on the stock exchange to support its investment plans, according to an e-mailed statement today.

To contact the reporter on this story: Andra Timu in Bucharest at

To contact the editor responsible for this story: James M. Gomez at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.