Romania's Government will support Fondul Proprietatea in its attempt to list the shares of the salt company Salrom on the Bucharest Stock Exchange (BVB) under an IPO likely to take place in the first half of next year, minister of economy Florin Spataru announced.

Fondul Proprietatea holds 49% of Salrom.

"In May next year, Salrom's shares will be listed. (…) Fondul Proprietatea wants to exit and sell its shares on BVB. They came up with a plan for the transaction, which, according to our estimates, will be completed in the first half of next year. The other shareholder, the Ministry of Economy, agrees in principle, and we will work together for this listing," minister Spataru said during a working visit to Salina Slănic Prahova, G4media.ro reported.

andrei@romania-insider.com

(Photo source: Facebook/Florin Spataru)