New shareholders structure for Transelectrica and Transgaz

shareholders structure

The Transelectrica and Transgaz shareholders structure has been modified by the government, by transferring them to the Economy Ministry from the government’s general secretariat (SGG).

The transfer was given the go-ahead with the ordinance regulating the structure of the Ponta IV cabinet.

“The European Commission has requested the separation of shareholders to producing and supplying natural gas companies from the ones of shareholders to gas transporting companies. Until now the department for Energy, which owned the states’ shares with the two companies, was subordinated to the Economy Ministry, so the administrating tasks were offered to the government general secretariat. Now, as two distinct ministries are to be set up (Economy and Energy) the two companies are to be transferred to the Economy Ministry,” sources said.

Transgaz and Transelectrica, two of the most valuable companies in the energy sector, have had their shareholders traded several times lately. In February 2014 the two companies were taken over by the SGG from the Finance Ministry (run at the time by the liberal party).

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December/January 2015

June 2017