Romania Plans Next Privatization

Businessn.a. ♦ Published: October 23, 2013; 17:49 ♦ (Vindobona)

According to the Romanian government, Romtelecom may be partly privatized via the Bucharest Stock Exchange.

Romania Plans Next Privatization / Picture: ©

The Romanian state still owns a 46% stake in Romtelecom. The majority owner is the Greek telecommunication group OTE, which is itself held by Deutsche Telekom.

Minister of Communications Dan Nica explained that an IPO is the preferred option for Romtelecom. Nica added that Romtelecom may be double-listed. London or Frankfurt would be adequate trading centers, Nica said. Nica…