Romania May Raise More Than $2.6 Billion From Energy Company Stake Sales

Romania may raise more than 2 billion euros ($2.6 billion) from the sale of energy stakes as the country seeks to tap capital markets to finance investments, Economy Minister Adriean Videanu said in an interview today.
The government plans to sell minority stakes in key energy companies, including OMV Petrom SA, Transgaz SA and Transelectrica SA, on the Bucharest Stock Exchange this year and two other holdings and a natural-gas producer next year, Videanu said at a press conference in Bucharest today.
“We’ll naturally raise more” than the 2 billion euros, Videanu said. “Romanian energy still looks attractive to potential investors despite much delayed reforms.”

News feed: Bloomberg link: article