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Outsourcing News : Article

Transgaz may buy back 10 pct of its listed shares

Romanian state-owned gas pipeline operator Transgaz TGNM.BX said on Friday it might buy back 10 percent of its shares listed on the Bucharest Stock Exchange

Romanian state-owned gas pipeline operator Transgaz TGNM.BX said on Friday it might buy back 10 percent of its shares listed on the Bucharest Stock Exchange in a bid to stabilise falling share prices.

"Given ... that the market value of the company fell very much without reflecting its real financial situation, it is extremely important that it considers a defensive position to stabilise its share price," Transgaz said in a statement.

Read entire article on Reuters

Posted: Friday, January 23, 2009

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