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Romania Transgaz Assigned Public Procurement Deals Worth RON300M In 2011

Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) has awarded public procurement contracts worth 300.6 million lei (EUR69.2 million) in 2011, down 14.2% on the year, according to company data.

Florentina Dragu · 9 decembrie 2011 · 1 min de citit

In 2010, the company awarded deals worth RON350.38 million.

Most of the contracts assigned in 2011 referred to pipeline construction and rehabilitation works, as well as to various services, Transgaz said.

Transgaz is 73.5%-owned by the Economy Ministry. Romanian investment fund Fondul Proprietatea (FP.RO) has almost 15% of its shares, while the rest is distributed among various shareholders.

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