The state answered again the desperate need forcompanies of the Bucharest Stock Exchange with promises, reassuringit would use the capital market for "trial privatisations" of theminority stakes it owns in the energy sector companies.
"We will conduct a trial privatisation through the capital marketfor the energy sector companies at first, such as Nuclearelectricaand Hidroelectrica and float minority stakes and then - I cannottell you exactly when, the strategic privatisation will follow,"said Victor Cazana, head of the Office for State's Interests andIndustrial Privatisation during the "Capital Market Year" seminarorganised by ZF in partnership with the Bucharest Stock Exchange,the Fund Manager Association and SAI Muntenia Invest.
The government official reassured the state would resort to the BSEto privatise as much this year as in the last decade: threeminority stakes in Petrom, Transgaz and Transelectrica will changehands.
"Our goal is to be able to bring the Bourse in Bucharest in linewith those in Budapest and Prague in the next two or three yearsand keep as much of the pension funds' money in the country,"Valentin Ionescu, general manager of BSE, said.
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