Romgaz IPO Delayed Until March 2013

08.23.2012 By Florentina Dragu

Romania will delay an initial public offering of a 15% stake in natural gas producer Romgaz Medias until March 2013 so that the company’s gas holdings may be assessed by a consultant, the government said in its latest memorandum to a two-year precautionary loan with the International Monetary Fund.

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