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Fondul Proprietatea sells 5 per cent of Romgaz shares worth 155 million Euro

Fondul Proprietatea announced it planned to sell a stock of 5 per cent of Romgaz shares, worth 155 million, following a private accelerated placement to qualified and other types of investors, but no more than 150 individual investors and companies per state member, according to a press release of FP.

2014-06-18 12:07:00

According to the fund statement, the placement is effective immediately for 14.99 per cent of Romgaz. If the placement is successful for all shares, the Fund will remain with 10.01 per cent shares of Romgaz.

The Romanian state owns 70 per cent of the gas company shares.

The quotation for Romgaz shares dropped by 0. 42 per cent to 35.6 per cent on Monday this week, the gas company having a capitalization of 3.11 billion Euro (13.72 billion lei) at this price. A package of 15 per cent represents the company free float.



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