Tuesday, February 15, 2011

Romania opens tender for adviser on Petrom listing

BUCHAREST Feb 15 (Reuters) - Romania is calling for bids from companies interested to advise on the listing of a 9.8 percent stake in top oil and gas firm Petrom (SNPP.BX: Quote) by March 9, the economy ministry said on Tuesday.

Romania owns a 21 percent stake in Petrom, which is majority controlled by Austria's OMV (OMVV.VI: Quote). Fondul Proprietatea (FP.BX: Quote), an investment fund set up to compensate Romanians whose assets were seized under communism, owns another 20 percent.

The listing is part of a government plan to raise some 2.9 billion lei ($922.1 million) this year on the Bucharest bourse, under terms of a 20 billion euro ($27.01 billion) International Monetary Fund-led bailout. [ID:nLDE70I1YJ]

Other listings planned include 15 percent stakes in state-owned power and gas utilities Transelectrica (TSEL.BX: Quote) and Transgaz (TGNM.BX: Quote) and in gas producer Romgaz, which is not listed. ($1=3.145 Lei) ($1=.7404 Euro) (Reporting by Luiza Ilie; Editing by Hans

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