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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 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.

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