UPDATE: Romania May Launch Transelectrica Public Offering End-February

The public offering whereby the government plans to sell a 15% stake in power grid operator Transelectrica (TEL.RO) will be launched at the end of February, a government official said Wednesday.

“We hope the 15% stake in Transelectrica will be up for subscription at the end of February. We do not see any reason for the delay of this cours,” said Florin-Laurentiu Vladan, the head of the Economy Ministry’s privatization and state ownership office OPSPI.

The ministry owns 73.7% in Transelectrica and plans to sell additional shares on the Bucharest stock exchange.