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Economic

Only One Bidder In Auction For Brokering Romanian Transgaz Public Offer

A consortium formed of Raiffeisen Capital&Investment, BT Securities and Czech brokerage firm Wood&Co was the sole bidder in the auction for a broker to intermediate the sale of a 15% stake in state-owned gas transporter Transgaz (TGN.RO).

Andrei Cîrchelan · 8 decembrie 2011 · 1 min de citit

The bid will be opened at 11:00 local time (GMT0900) and it will be later analyzed by a commission.

Authorities agreed with the International Monetary Fund to sell minority stakes in several companies, including Transgaz.

The Economy Ministry owns 73.51% in Transgaz, while Fondul Proprietatea (FP.RO) holds 14.98%.

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