Romania Keeps Majority Stake in Romgaz

Politics ♦ Published: October 12, 2013; 19:38 ♦ (Vindobona)

Romania´s government will privatize 15% of the country´s biggest natural gas producer. The opening of the economy to foreign investors bears potential dangers.

Romania Keeps Majority Stake in Romgaz / Picture: ©

In November, the Romanian government will sell a 15% stake in the energy group Romgaz via the stock exchange. The partly privatization of the biggest Romanian natural gas producer will be the biggest IPO in Romania this year. The Romanian state will keep a 70% stake in Romgaz. Moreover, the state-owned property restitution fund holds a 15% stake. In total, the IPO is expected to reach…