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Romanian authorities have declared their intention to improve the absorption of EU funds»
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The price of Transgaz shares increased by 55 per cent after 10 years of listing on BVB

Transgaz plans to invest a total of 1.62 billion Euro in the period 2017-2026, the company's general manager, Ion Sterian, announced in a conference hosted by the Stock Exchange Bucharest on the anniversary of a decade since Transgaz's listing on the main market of the BVB.

2018-02-06 11:25:18

"Transgaz is involved in seven major gas pipeline projects and two other strategic projects that will turn the company into a multinational at European level. We have investment projects worth more than 1.6 billion Euro, which once completed will make Transgaz one of the top four companies in Europe in the energy field," said Sterian.

"We want to see as many Transgaz companies as possible to attract significant European investment and funds, so they can grow and become regional leaders. In order to support Romanian companies, the Government can ask the EU for a facility to cover European funding of 50% of the cost of listing, similar to what is already happening in the EU, which would provide additional support for companies that would thus have access easy to capital, would finance its development, generate investment and jobs, and all this will be welfare-friendly for the Romanians," said Lucian Anghel, president of the Board of Directors of the BSE.

Transgaz may be an example for other state-owned companies to be listed on the stock market.

"Transgaz is now worth almost 5 billion RON, 55 per cent more than 10 years ago. Transgaz illustrates how the state can increase its wealth by listing companies in the portfolio," said Adrian Tanase, BVB CEO.



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