Romanian state accepts non-binding offer for Romanian Post acquisition

Newsroom 04/02/2015 | 13:45

The Ministry for Information Society has accepted the non-binding offer submitted by the Belgian postal services operator bpost to acquire a 51 percent stake in the Romanian Post, according to Mediafax newswire.

“Following a detailed analysis of the documents submitted by the Belgian company, the privatization committee concluded this meets the requirements stipulated in the task book. We invite the provider to continue due-diligence procedures to go the next stage, that of submitting a firm offer to acquire the major share package in the Romanian Post. The national postal services operator ended 2014 with a substantial profit after six years of consecutive losses, and proved that it can be a valuable asset for a strategic investor,” according to Sorin Grindeanu, minister for Information Society.

At the end of the due-diligence stage, bpost can submit the final offer to acquire the major share package in the Romanian Post.

Belgian postal services operator bpost was the sole interested party in submitting a non-binding offer for a 51 percent stake of the Romanian Post in September, according to an announcement from the Ministry for Information Society.

27,000 people work for the Romanian Post, the biggest player on its market, with a network of 5,600 units.