The announcement for the selection of the intermediaries that will handle the secondary public offering for 15% of the shares of "Transelectrica", will be made in the beginning of next week, Victor Cazana, the head of the OPSPI (Office For The State"s Interests and Industrial Privatization) said during the conference celebrating five years since the listing of "Transelectrica".
He said that the Ministry of the Economy has purchased consulting services for the drafting of the tender book for the intermediaries.
"We hope to make the announcement for the beginning of the selection process for the intermediaries and to complete the process in October", Victor Cazana said.
As for the launch of the Secondary Public Offerings of "Transelectrica" and "Transgaz", the head of the OPSPI doesn"t expect them to take place this year.
"Realistically speaking, I do not think there are too many odds of these offerings taking place (ed. note: "Transelectrica" and "Transgaz")".
However, the officials of the Ministry of the Economy have a different opinion. They say that they are expecting the secondary public offerings for "Transelectrica" and "Transgaz" to be launched by the beginning of 2012.
The minister of the Economy, Ion Ariton, was even more optimistic two months ago. In July, he said that the ministry he is leading intends to sell 15% of "Transelectrica" on the stock exchange in October, and 15% of "Transgaz" in December.
* Cazana: The discount is a touchy subject
Victor Cazana said that there are numerous lessons that could be learned from the failure of the "Petrom" secondary offering, most of them very nuanced, but using these lessons could bring added value in the listing of 15% of "Transelectrica".
He added: "The discount of the offering (ed. note: Transelectrica) is a sensitive subject and many are wary of discussing
