Romania To Raise €600M Via Listings

Romania is planning to raise €600 million from privatization of energy companies.

Romania is planning to raise €600 million from privatization of energy companies, Balkans.com Business News reports. The details of the listing have not been disclosed. The state may sell a 10% stake of Petrom and 15% each of gas transmission company, Transgaz, and electricity transmission company, Transelectrica. The International Monetary Fund is pressuring Romania to privatize.

Click here for the story from Balkans.com Business News.