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Romanian Government Considers Privatizations
The remaining publicly held stakes in Petrom, a subsidiary of Austrian OMV may be privatized. OMV does not participate in the transaction.
Romanian Government Considers Privatizations / Picture: © Vindobona.org
Last month, Romania sold a 15 percent stake in power grid operator Transelectrica for about 38 million euros, setting the stage for more such deals.
Beyond making the outdated state sector - which accounts for nearly a quarter of employees and is a drain on public finances - more efficient, such sales would also increase capital market liquidity and raise vital funds for…
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