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Bucharest
May 13, 2021
BUSINESS

Offers for Romanian Post’s privatisation to be opened on April 11

The offers for privatising the Romanian Post will be opened on April 11, the interested investors set to prove they have the financial resources needed for a cash capital increase of a minimum of EUR 150 M, an announcement made by the Ministry of Informational Society shows, Mediafax informs. Only legal persons can take part in the privatisation process, individually or in consortium, provided they meet several pre-qualification criteria.
Thus, only investors that did not previously make false or unreasonable offers during privatisation processes and/or did not withdraw or revoke the offer that won a tender and/or did not refuse to sign the privatisation contract will be allowed to take part in the privatisation process. Likewise, only investors that did not directly or indirectly worsen in a visible manner, by not fulfilling or delaying the fulfillment of the obligations assumed through the privatisation process, the economic and financial situation of companies whose majority shareholders they became following a privatisation process will be allowed to take part in the privatisation process.
Moreover, only investors that did not directly or indirectly cause the canceling of privatisation contracts will be allowed to take part in the process. Another pre-qualification criterion consists of lack of debts owed to the state budget.
The process of selecting the investor is based on the envelope bid method combined with the open outcry method, preceded by negotiations based on preliminary and non-committal offers filed by the potential investors. The tender book costs EUR 50,000.

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