The prospectus of the listing of Nuclearelectrica is currently in the making. The company and the Office for the State's Interests and Industrial Privatization (OPSPI) are working together with the intermediary on the "risks" section, according to several sources close to the situation. The authorities consider that the intermediary is exaggerating the risks, which is why it has returned the prospectus to the Swiss Capital/ BT Securities consortium, according to our sources.

Authorized sources from the Energy Department told us that all the intermediaries with whom they have worked in order to sell on the Bucharest Stock Exchange the shares of the energy companies have told them that the investors need to be informed about the risks, regardless of their extent: "The representatives of the state have asked the intermediaries to stop "hyperbolizing" things, such as, for instance, presenting a simple process as infinitely more complex than it really is. The interest of the authorities and of the intermediary is to make as much money as possible from the sale of 10% din Nuclearelectrica. Investors, especially as the company is being put on offer towards entities especially in the US and Canada, have to know every detail about the company. If they don't have the time to conduct their own audit, investors shouldn't have the ability to produce excuses and then say that they had no prior knowledge of certain details with risk potential. This way, the government and the intermediary of the offer are no longer at risk of subsequently being sued and forced to pay considerable damages. The authorities have understood this aspect and their position was that the intermediary should present the risks accurately. The final details of the prospectus, which will be submitted to the ASF this week, are now being worked out".

The Emergency Ordinance for the ratification of t