Deals
Romania Raised $95 Million From IMF-Pledged Transgaz Sale
This article is for subscribers only.
Romania raised 315 million lei ($95 million) by selling a minority stake in natural-gas utility Transgaz SA as it seeks to meet its international bailout terms.
The government sold 1.76 million shares, or 15 percent of the company, at a price of 179 lei per share, according to Constantin Nita, minister delegate for energy. The offer was “significantly” oversubscribed, Nita said, without giving more details. He also said a minority stake in Nuclearelectrica SA, the nuclear power operator, will be sold after May 15.