BUCHAREST, July 4 Shares in Romania's power
utility Electrica SA edged up in their market debut on
the Bucharest Stock Exchange on Friday, about 1.2 percent higher
than the price of an initial public offering last month.
Electrica, which supplies power to 3.5 million customers in
the European Union state and has a regulated, guaranteed profit
margin, set the final price of its shares at 11 lei
($3.41)apiece, having previously set a range of 11-13.5 lei.
Electrica's flotation, involving the sale of 51 percent of
the company's equity to raise 1.95 billion lei ($605.8
million)to help fund its investment plans, was one of at least
three selloffs the government had committed to carry out this
($1 = 3.2250 Romanian lei)
(Reporting by Radu Marinas)