Chinese SGCC Seeks Stake In Romanian Transelectrica

The State Grid Corporation of China, or SGCC, is interested in buying the 15% stake Romania plans to sell in state-owned power grid operator Transelectrica (TEL.RO), people close to the matter told Mediafax. "The Chinese company presented the Economy Ministry with an offer, including a financial one, to buy the entire 15% in Transelectrica (the ministry plans to sell)," the sources said. Contacted by Mediafax, Economy Ministry officials said the Transelectrica stake sale would "use stock ...

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