Romania's Romgaz sales and profits up in 2011, ahead of planned stock exchange listing
Shareholders, which currently include the Romanian state and the Fondul Proprietatea, will get the lion's share of the 2011 profits. Last year Romgaz recorded around EUR 925 million worth of sales, also representing an increase on the previous year.
A 15 percent stake in the state controlled natural gas company Romgaz will be up for sale this year. The company will be listed on the Bucharest Stock Sxchange along with a number of other state companies due for privatization. The IMF has made repeated demands for the speedy privatization of state owned assets.
Liam Lever, liam@romania-insider.com