State intends to raise EUR 1 bln from selling minority share packages
The state plans to sell as 12.64 percent participation in oil company Petrom, out of its total participation of 20.64 percent, according to an official document, quoted by Mediafax. Petrom and Transelectrica are stock exchange listed companies, but Romgaz is on the list of companies which will be listed. Conpet, Transgaz, Oil Terminal, GDF Suez Energy, Distrigaz Sud Retele, E.ON Gaz Romania and E.ON Gaz Distributie are also on the list of companies where the state holds minority participations which it intends to sell.