Croatia's industrial PPI down 1.3% y/y in Nov
Slovenia to procure air defence systems from Diehl Defence
N. Macedonia cuts Russian gas reliance with Bulgaria's Graystone deal
Romania's Q3 GDP rises 2.9% y/y - provisional data
Croatia’s Ericsson Nikola Tesla opens R&D centre in Kosovo
Nov 14, 2007 16:45 EEST
November 14 (SeeNews) - Romanian state-owned gas transmission company Transgaz will hold an initial public offering (IPO) of 10% of its shares on the Bucharest Stock Exchange (BVB) from November 26 to December 7, the Romanian stock market regulator, CNVM, said on Wednesday.
The company will issue 1,177,384 new shares at a price of 191.92 lei ($81.6/55.6 euro) each for the purpose of the IPO, CNVM said in a statement.
You can subscribe to our M&A newsletter here
Transgaz is 85%-owned by the Romanian state and 15% by Fondul Proprietatea, an investment fund set up by the government to return property seized under communism.
Raiffeisen Capital & Investment, the brokerage arm of Austrian banking group Raiffeisen in Romania, was picked to manage the IPO earlier this year.
Transgaz plans to invest 188 million lei to upgrade and extend its network of high-pressure pipelines.
(1 euro = 3.4506 Romanian lei)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options