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Romania’s Cap Mkt Regulator OKs Prelim Prospect for Tarom IPO


26.4.2012 9:28:00 | Author/Source www.seenews.com

Romania’s capital market regulator CNVM said it has approved the preliminary prospect for the initial public offering (IPO) of a 20% stake in flag carrier Tarom on the Bucharest bourse.

Romania plans to sell some 163 million shares with a nominal value of 2.5 lei ($0.7575/0.5714 euro) each, according to the preliminary prospect, approved by CNVM last week.


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