November 24, 2017

Part of the Romanian Post should be sold to strategic investor

The Romanian government has approved the strategy of selling a stake in the Romanian Post to a strategic investor and by September 30, at least 20 % of the Romanian Post should be sold. Romania committed to do this in front of the International Monetary Fund, and the government committed that the capital increase will take place by the end of September. In the meantime, a consultant should have been elected in June, but this did not take place. The government plans to set up a commission to select the consultant. Last year, the Romanian Post posted a turnover of RON 1.26 billion (EUR 274 million), down 8.7 % on the previous year. The company posted 50 % more losses, amounting to RON 182.9 million.

Source: Balkans.com (read more)

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