Fondul Proprietatea – 10 investors expressed their interest for Posta Romana
According to media, citing the ministry in charge, 10 investors have expressed their interest to participate to Posta Romana’s privatization. The government has committed to IMF to complete the privatization of the loss making company by June 2013. The government wants to cede the control of more than 20% of Posta Romana’s capital to a strategic partner through a share capital increase.
CE Oltenia could absorb a local power supply and distribution player
Another brief piece of news from the media related to one of the companies in Fondul Proprietatea portfolio, the Competition Council is currently analyzing the absorption by CE Oltenia of the power supply and distribution company Termo Craiova, active in the city of Craiova. The company to be absorbed was established last year and belongs to the Municipality of Craiova and is one of the clients of CE Oltenia. We do not expect a significant impact from the absorption for CE Oltenia as we believe Termo Craiova is a rather small player.
