Romanian state-run power grid operator Transelectrica (TEL.RO) has set its secondary public offering price band at 14.9 to 19.2 lei ($4.46 to $5.75) a share, the company said Tuesday, news agency Mediafax reported.

The minimum price is 13% below Transelectrica's latest market price of RON17.06 a share, while the maximum price is 13% higher.

Transelectrica will offer almost 11 million shares, or 15% of the company, to the public between March 14 and March 27.

The price range values the stake between RON163.8 million and RON211.1 million.

The Romanian Economy Ministry owns 73.68% in Transelectrica. The ministry hired a consortium comprising BCR, Intercapital Invest and Swiss Capital to assist with the sale in Bucharest .
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