Ancuța lobbies to bring Romgaz on Sibiu Exchange

Teodor Ancuța, founder of Sibiu Exchange, says he is trying to persuade state authorities to list Romgaz Mediaș on the spot market of Sibiu, which he launched early this year, given the state-owned company’s proximity to the Sibiu Exchange.
Romgaz is one of the biggest state-owned energy companies, with turnover worth almost 3.2bn RON (around 754m euros) and net income of 572.5m RON (135m euros) last year.
Sibex enjoys the support of the Warsaw exchange, with which it has a partnership, and which could bring part of the investors the state needs to sell a 15% stake in Romgaz.
The Government has recently decided to sell stakes of 15% in Transelectrica București (TEL), Transgaz Mediaș (TGN) and Romgaz Mediaș, with the latter as the only one of the three that is not listed.
The listing of Fondul Proprietatea (Property Fund – FP) on the BSE is likely to cast a shadow over Sibiu spot market, especially if the management fails to bring companies to make the market liquid. Ancuța in May said he would have two companies listed on Sibex spot market in three months and that he wanted to have five IPOs conducted for this year, but nothing is certain at this moment.