Market offers thanks as privatization saga finally bears fruit
After several years during which the privatization of energy companies through the stock exchange was only a fairytale, the completed underwriting of a 15 percent stake in Transelectrica has alleviated the worries of the authorities, intermediaries and investors as to its success. It has also boosted the Romanian authorities’ expectations for this year’s Romgaz, Transgaz, Hidroelectrica, Nuclearelectrica and OMV Petrom listings April 2012 - From the Print Edition
Five o’clock in the afternoon, March 27. The gong on the hour serves as the signal that the subscription period for the 15 percent stake the Romanian authorities are selling on the Bucharest Stock Exchange has ended. After a hectic few days when both large and small investors were exploring the market, the last two days in particular saw state officials’, intermediaries’ and investors’ adrenaline skyrocket.
By the end of the subscription day investors had placed orders totaling EUR 60 mill... To continue reading this article you have to be registered
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