Romania Said to Delay Transgaz Offer on Price, Hotnews.ro Says

Romania may postpone the sale of a 15 percent stake in utility Transgaz SA (TGN) due to start in October because of a disagreement over the share price between the managers of the offer and the Finance Ministry, news website hotnews.ro reported today, citing unidentified people.

The offer managers, Raiffeisen Capital & Investment, Wood & Co. and BT Securities SA, proposed a price range of between 150 lei ($43) and 200 lei per share, while the Bucharest-based ministry is considering a price range of between 193 lei and 212 lei per share, according to hotnews.ro.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

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

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