Romania Extends Deadline for Sale of State Assets: ZF

Romania’s government extended until the end of 2013 a deadline to sell minority stakes in some state-owned companies, Ziarul Financiar reported, citing a draft law approved yesterday.

The eastern European country pledged to sell minority stakes in energy companies, such as natural-gas company Romgaz SA, Transgaz SA (TGN) and nuclear-power operator Nuclearelectrica SA this year, the Bucharest-based newspaper said.

Romania had also planned to sell stakes in air carrier Tarom SA and rail freight company CFR Marfa SA. None of the sales has happened so far.

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.