Deals
Romania Plans to Stick to IMF-Agreed State Asset Sale Schedule
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Romania will stick to deadlines agreed with the International Monetary Fund to sell state-owned stakes in utilities if conditions allow for successful sales, the head of the Energy Department’s asset-sale program said.
The Bucharest-based government is seeking to ready the sale of a majority stake in power generator Electrica SA by the end of June and a minority stake in hydro-power generator Hidroelectrica SA by July, Gabriel Dumitrascu told reporters in Bucharest today.