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 atimu@bloomberg.net

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

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