Second privatization attempt for Romanian Post
The Romanian Post, the largest postal operator in Romania, is preparing for its second privatization attempt. Investors interested in taking over the company’s majority stake of 51% must submit their non-binding offers by September 30,…
Romania Insider · Journalist
· Updated · 1 min read
The Romanian Post, the largest postal operator in Romania, is preparing for its second privatization attempt. Investors interested in taking over the company’s majority stake of 51% must submit their non-binding offers by September 30, according to Ziarul Financiar. Last year, on its first privatization attempt, no investor bought the tender book. Meanwhile, the state decided to erase EUR 38 million of the company’s debt and 5,000 people have been fired, to increase attractiveness for the state monopoly. The company had a turnover of EUR 261 million in 2013, and accumulated EUR 130 million losses in the last five years. editor@romania-insider.com
