Wednesday, July 20, 2011

Romania to sell more energy stakes in 2011

(Reuters) - Romania's centrist government plans to sell stakes of 15 percent in state energy firms Transelectrica (ROTEL.BX) and Transgaz (ROTGN.BX) this year, Economy Minister Ion Ariton was quoted as saying on Tuesday.

The stake in Transelectrica will be sold on the Bucharest stock exchange in October while Transgaz shares will be offered in December, followed by an initial public offering of gas producer Romgaz in 2012, Ariton was quoted as saying by state news agency Agerpres.

Romania is selling 9.8 percent of Petrom (ROSNP.BX) in the largest ever transaction on its capital markets and the offering began on July 11 and will close at 0900 GMT on July 22. [ID:nLDE76I0DC] (Reporting by Radu Marinas; Editing by Sam Cage)

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