OVERMATTER
April 1st, 2005
BY KEITH NUTHALLIn another step expected to smooth the distribution of the country's electricity, the World Bank's Programmatic Adjustment Loan (PAL) programme for Romania will privatise all six distribution companies. In recent months, four European investors have taken over the companies that form the heart of the Romanian energy sector, in transactions totalling around €2.25 billion. The high-profile sales were of the Petrom giant, of the two Electrica branches and of Distrigaz Sud and Distrigaz Nord, which were taken over by OMV, Enel, Gas de France and ...
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