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June 19, 2021

Privatisation offers for Romanian Post can be filed by 2014

The preliminary and non-binding offers for the privatisation of the Romanian Post will be filed by June 30, 2014, after the tender book was not bought by any investor on May 28, the Ministry for Informational Society (MSI) announced, money.ro informs. According to a draft law recently adopted by the government, the period in which a state-owned company can be privatized will be of up to two years. On the basis of the new scheme adopted by the government, which modified the legislation on the privatisation of commercial companies, the Romanian Post can thus be sold until October 2015 at the latest. CNPR should have been privatised this year but no investor bought the tender book before the May 28 deadline expired.  According to the MSI’s announcement, the privatisation file can be purchased for EUR 50,000 from the MSI headquarters on the basis of a written request filed by the interested investors. For their participation in the selection process the interested investors will file at the MSI headquarters, by June 30, 2014, a participation guarantee of RON 9,480,866. The other elements of the privatization announcement, published on February 25-27 and modified on March 27, remain unchanged. Thus, future investors interested in taking part in the privatisation of the Romanian Post have to prove that they have their own or borrowed financial resources for a cash capital hike of at least EUR 150 M. Likewise, juridical 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 file fixed and/or unserious privatization offers, and/or did not withdraw or revoke the offer declared winner in a privatisation process, and/or did not refuse to sign the privatisation contract, will be admitted to the privatisation process,” MSI informs.

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