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August 12, 2022
BUSINESS

Privatisation of Posta Romana, supervised by KPMG Romania and Tuca Zbarcea si Asociatii

The Ministry of Communication (MCSI) and the consortium formed by KPMG Romania and Tuca Zbarcea si Asociatii signed the contract on providing specialised consulting services in the privatisation process of post operator Posta Romana, the ministry announced Friday, quoted by HotNews.ro. The contract will be in effect until the end of this year, as provided the calendar agreed upon with the International Monetary Fund. The appointed consultant will assist MCSI in meeting the goals set for the privatisation process and will provide consultancy in planning and conducting the privatisation. The main phases of the process refer to analysing the legal, regulatory and privatisation framework, evaluating the Compania Nationala Posta Romana (CNPR) company and proposing the privatisation strategy. The consortium formed by KPMG Romania and Tuca Zbarcea si Asociatii will also deal with the effort of attracting the strategic investor, conducting the phases of the selection of the agreed investor and signing all the accords needed by the finalisation of the process with the selected strategic investor. In the context of the talks with the International Monetary Fund, the government decided – through the Government Decision 761/31.07.2012 that approves the privatisation strategy of C.N. Posta Romana S.A. – to initiate the privatisation process of CNPR through a capital increase operation that will attract a strategic investor within its shareholding structure, with a minimum 20 pc of shares.

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