Friday, March 23, 2007

Romania: Transgaz considers 10% share cap to float on BSE

23 March 2007

According to Florin Muntean, CEO of the national natural gas transport company Transgaz, it is most likely that the company will float 10% of its share capital on the BSE by year-end or the beginning of next year.

The State holds 85% of Transgaz, accounting for RON 103.83m (€31m), after 15% of the company was transferred to Fondul Proprietatea. Transgaz estimates for this year a turnover of RON 1.12bn (€330m), 33% higher y/y, and a gross profit of RON 244m (€73m).

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