Romania Delays Romgaz Floating Until 1H 2012

The Romanian Government has delayed until the spring of 2012 the sale of a 15% stake in natural gas producer Romgaz Medias, according to the country’s draft letter of intent agreed with the International Monetary Fund.Previously, the Government estimated Romgaz would be listed on the Bucharest bourse by December 2011.The document stipulates the Government also plans to sell a 10% stake in dominant oil company OMV Petrom (SNP.RO) and a 15% stake in each of the companies Transgaz (TGN.RO) ...

Developed by Codecraftsman