TSO seeks further share sale

摘要

Romania's state-owned transmission system operator Transelectrica has called on the government to consider selling more of its shares on the Bucharest stock exchange. The government plans to float a 15% stake on the bourse later this year but the company's general manager Stelian Gal was quoted as saying March 16 by state news agency Agerpres that the government should eventually list a further 10-12% to raise new capital to finance planned investments in upgrading and expanding the country's high-voltage transmission grid. "We have proposed listing an additional package of 10 to 12% on the bourse, after the planned listing of the 15% package," Gal said.