Romania's Electrica raise 1.95 bln lei in IPO
BUCHAREST, June 27
BUCHAREST, June 27 (Reuters) - Romanian power supplier Electrica raised 1.95 billion lei ($603.96 million) in an initial public offering on Bucharest and London stock exchanges of a 51 percent stake, with final pricing at the low end of a previously indicated range, its listing advisers said on Friday.
The leftist government agreed to the IPO, Romania's first so far this year, under a 4 billion euros aid deal led by the International Monetary Fund.
The final price was set at 11 lei ($3.41) per share and $13.66 per global depository receipt (GDR), which will trade in London. The government had set a price range of between 11 and 13.5 lei per share for the Electrica offering.
Citigroup C.N, Raiffeisen and Societe Generale advised on the listing. ($1 = 3.2287 Romanian lei) (Reporting by Luiza Ilie)