Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Romania to Sell Assets After Political Turmoil Eases, Bursa Says

July 5 (Bloomberg) -- Romania plans to sell a minority stake in natural-gas producer Romgaz SA this “autumn” and will wait for political turmoil to ease “soon” before selling another stake in its Transgaz SA utility, Bursa reported, citing an economy ministry official.

The Romanian energy-market regulator and a commission are working to set up regulated gas-transport tariffs by the time a schedule for the sale of a 15 percent stake in Transgaz is released, Remus Vulpescu, the head of the industry privatization office, told the Bucharest-based newspaper. This would enable the natural-gas grid operator to forecast its revenue for the next four years, Bursa said.

An auction to select lead managers for the sale of a minority stake in nuclear-power plant operator Nuclearelectrica SA will be resumed “soon,” Vulpescu said, according to Bursa.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.