Until 2004, the government of Romania held 100% of shares in Romgaz and in 2005, first announced plans of privatizing the company. Discussions over possible investors were held until 2006 and then further delayed several times and eventually pushed back until 2009. In 2010, plans to sell 15% of the company resurfaced but another two years went by, before details of the deal to be became more specific. The government then decided to sell 15% of different energy companies via initial and secondary public offerings. Romgaz finally debuted the planned percentage of shares on Romanian and London stock exchanges in November 2013. The IPO became the largest in the history of Romania, raising almost €390 million.