Government Decision no.831/August 4, 2010 on the approval of the privatization strategy by public offering of Societatea Nationala de Gaze Naturale (S.N.G.N.) Romgaz S.A. Medias and of the mandate of the public institution involved in the development of such process, amended by Government Decision no.811/2013, approved “the trading by the Ministry of Economy, Trade and Business Environment (MECMA), through the Office of State Ownership and Privatization in Industry (OPSPI), as the seller, by secondary initial public offering of shares representing 15% of S.N.G.N.Romgaz S.A. share capital”.
The starting point of this process was the execution of the Underwriting Agreement by MECMA, through OPSPI with the Syndicate (composed of Erste Group Bank AG, Romanian Commercial Bank SA, Goldman Sachs International and Raiffeisen Capital & Investment SA.), resulting in the successful conclusion of the Secondary Initial Public Offering (IPO) and the admission to trading of shares belonging to issuer S.N.G.N. Romgaz S.A.
The Romanian Financial Supervisory Authority (ASF) approved on October 18, 2013, by Decision no. 915, the Prospect for the Secondary Initial Public Offering of shares (as shares and Global Depositary Receipts - GDRs) issued by S.N.G.N.Romgaz S.A.