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Romania Plans Further Privatizations
Politics ♦
Published: March 27, 2012; 15:41 ♦ (Vindobona)
Above all, a sale of the minority stake in the oil company Petrom could bring up to $ 600m. The Austrian OMV, which is the majority owner of Petrom, could be interested.
Romania Plans Further Privatizations / Picture: © Vindobona.org
Bids for a 15 percent stake in Romanian power grid operator Transelectrica have passed the minimum threshold of 70 percent, stock exchange data showed on Tuesday, meaning a sale will go ahead. While it would raise only a maximum of $ 64m, sealing a deal would bode well for a host of other deals under Romania's International Monetary Fund-agreed privatisation plan that could raise nearly…
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