November 20, 2017

Anghel (BVB): Romgaz received orders of 1.8 billion lei – above expectations

Lucian Anghel, the head of the Bucharest Stock Exchange (BVB) told a press conference on privatization on the capital market that the demand from retail investors in the public offering for state gas producer Romgaz was above all expectations, with firm orders being placed by Tuesday, October 29, worth 1.8 billion lei, writes AGERPRES. “The demand was above all expectations for nobody thought that we will see such a high demand in Romania. There were certain estimates saying the maximum that can be attracted by the local market is 200 million euros. Until yesterday subscriptions were totaling 1.8 billion euros on the retail segment only. We are making history right now”, said Anghel. He also showed that the government did very well when it decided to launch the initial public offering of a 15 % stake in the gas producer to small investors. “There is a possibility this stake of 15 % for retail investors to be increased”, he said.

Source: Agerpres (read more)

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