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Romania Electrica IPO Oversubscribed Two Days Before Closing


Electrica SA’s share sale is drawing “high interest” from local and international investors who are flocking to Romania’s biggest initial public offering, sale manager Dana Mirela Ionescu said in an interview.

The offer of a majority in the Black Sea EU state’s biggest power distributor has attracted 13,700 subscriptions from companies and individuals two days before its scheduled close, exceeding the record 12,000 in Romgaz SA’s share offering last year, Ionescu, the head of Raiffeisen Bank Romania SA’s capital markets department, said yesterday.

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