Bogdan Tudorache

Romgaz gave up the acquisition of 20% of Gastrade, according to a report presented to the Stock Exchange. Gastrade is the Greek developer of a planned floating LNG import facility at Alexandroupolis, in northern Greece.

Thus, according to the Decision of the Board of Directors of Romgaz regarding the acquisition of 20% of the company Gastrade S.A., it is specified that “according to the provisions of art. 234 par. 1 of Regulation A.S.F. no. 5/2018 on issuers of financial instruments and market operations, S.N.G.N. Romgaz S.A. informs the shareholders and investors that on 19.03.2020, the Board of Directors has decided that, in the current economic context, it does not consider the acquisition of 20% of Gastrade S.A. company appropriate.”

Previously, by the Decision of the Ordinary General Meeting of Shareholders no.7/ 26.09.2019, it was approved, in principle, the acquisition, by Romgaz S.A., of 20% of the shares issued by the company Gastrade S.A.