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Romania
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Fortenova sells agri unit to Podravka for 333 mln euro
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Romania's Transgaz to invest at least 1.0 bln lei (218.9 mln euro) in 2012-2016

Oct 8, 2012, 4:01:07 PMArticle by Alexander Oleinic
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October 8 (SeeNews) - Romanian gas transmission company Transgaz [BSE:TGN] will invest at least 1.0 billion lei ($283.7 million/218.9 million euro) in the 2012-2016 period, the company said.

Romania's Transgaz to invest at least 1.0 bln lei (218.9 mln euro) in 2012-2016

The planned investments, which the Romanian government has approved, will be made in maintenance and repair works, Transgaz said in a statement filed with the Bucharest bourse on Friday.

Romania owns 73.51% of blue-chip Transgaz, which is listed on the Bucharest bourse. Property restitution fund Proprietatea holds a 14.99% stake in the company.

Romania plans to sell 15% of Transgaz on the Bucharest Stock Exchange.

(1 euro = 4.5689 Romanian lei)

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