Goldman Sachs-Led Consortium To Broker Romanian Romgaz IPO - Sources
A consortium including US bank Goldman Sachs and Austria’s Erste Bank AG will broker the sale of a 15% stake in Romanian natural gas producer Romgaz, sources in the capital market told Mediafax Tuesday.
Erste’s local subsidiary BCR and Raiffeisen Capital&Investment, alongside subcontractor Intercapital Invest are also part of the winning consortium.
The consortium outbid two other associations, led by JP Morgan and Citibank, respectively.
Romania owns 85.01% in Romgaz and plans to list a 15% stake in Bucharest by the end of June.
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