Bloomberg Anywhere Login


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Romania Seeks Transgaz Capital Increase, Hotnews Reports

Nov. 19 (Bloomberg) -- Romania is seeking to change the procedure for a minority stake sale in Transgaz SA and opt for a capital increase instead of a secondary share sale, reported, citing Economy Minister Daniel Chitoiu.

The eastern European country, which has pledged to the International Monetary Fund to sell 15 percent of Transgaz by the end of this year, reconsidered the sale because of market conditions and the company’s funding needs, Chitoiu told the news website in an interview.

The funds from the capital increase will be used by Transgaz for investments in the country’s natural-gas grid and for other projects, such as Nabucco gas pipeline, Chitoiu told hotnews, adding that a listing will be at a “fair” price.

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

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

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.