BUCHAREST, May 16 (Reuters) - Romania-based energy group

Premier Energy ( PNRC ), owned by Czech investment firm Emma Capital,

said on Thursday its initial public offering on the Bucharest

Stock Exchange has been priced at 19.5 lei per share, implying a

market capitalization of 2.4 billion lei ($524.79 million).

The company, which will list on May 27, said the IPO

amounted to a 28.75% stake.

($1 = 4.5733 lei)