Transgaz capitalization down by €322 mln in two months

Shares of state-owned Transgaz gas transportation company have been subject to steady decline, approaching RON 191.92 (€52.75) per share established in the Initial Public Offer (IPO) by the end of last year. The company’s capitalization was worth €744 million yesterday, €322 mln lower than capitalization at the end of 2007. Shares traded for €63.2 per share, 22 percent lower than the first day of trading for Transgaz allocation rights (traded before the actual shares were issued on ...

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