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Tuesday, February 22, 2005
The Government analyzes these days the opportunity of listing on the Romanian Stock Exchange 10% of the shares at the Romanian Commercial Bank (RCB), the largest bank in the system.
State minister Adriean Videanu announced that the cabinet also intends to put on the market 10% of the shares at the national oil operator, Petrom, operation where owner OMV already offered its agreement. Other companies to be soon listed are the national telecomm operator, Romtelecom, and a state-owned bank, CEC.
Romanian state still holds a 36.88% stock in RCB, after selling 25% to the European Reconstruction and Development Bank (ERDB) and International Finance Corporation, for 222 million dollars. The rest is held by BCR employees - 8%, and financial investment societies.
Posted by Mihai Botea : 2/22/2005 08:11:00 pm
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