Romania pipeline operator IPO subscription
Investors could subscribe to an initial public offering of a 10 percent stake in Transgaz between Nov. 26 and Dec. 7.
Wednesday, 14.11.2007.
16:22
Investors could subscribe to an initial public offering of a 10 percent stake in Transgaz between Nov. 26 and Dec. 7. The securities watchdog made the statement Wednesday in Bucharest. Romania pipeline operator IPO subscription State-owned Transgaz, part of a consortium planning to build the Nabucco gas pipeline to bring Iranian and Caspian gas to central Europe, seeks to raise some EUR 65mn by offering 1.17 million new shares at 191.9 lei (USD 81.48) per share. The finance and economy ministry has said the bourse listing of the Transgaz stake should take place by March 2008. Analysts have said new IPOs such as Transgaz and last year's listing of a 10 percent stake in power grid operator Transelectrica will gradually breathe more life into the illiquid Bucharest Stock Exchange.
Romania pipeline operator IPO subscription
State-owned Transgaz, part of a consortium planning to build the Nabucco gas pipeline to bring Iranian and Caspian gas to central Europe, seeks to raise some EUR 65mn by offering 1.17 million new shares at 191.9 lei (USD 81.48) per share.The finance and economy ministry has said the bourse listing of the Transgaz stake should take place by March 2008.
Analysts have said new IPOs such as Transgaz and last year's listing of a 10 percent stake in power grid operator Transelectrica will gradually breathe more life into the illiquid Bucharest Stock Exchange.
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