Romania to sell stake in nuclear plant operator

Romania has approved a decision to sell a 10% stake in its state-owned nuclear power plant operator. The Romanian Government reportedly hopes to get up to RON350 million (£66m) from […]

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By Priyanka Shrestha

Romania has approved a decision to sell a 10% stake in its state-owned nuclear power plant operator.

The Romanian Government reportedly hopes to get up to RON350 million (£66m) from the sale, with local media reporting a price range of RON11.2 (£2.1) to RON15 (£2.8) per share has been set for the initial public offering of Nuclearelectrica.

The operator runs the Cernavoda nuclear power plant, which produces around a fifth of Romania’s energy. Romania owns a 90% stake in the firm, with investment fund Fondul Proprietatea holding the remainder.

The Government also sold a 15% stake in natural gas distributor Transgaz earlier this year, raising €72 million (£61.5m) and is said to be planning to sell its stakes in three other energy firms.