Belgium’s bpost, sole bidder in Romanian Post privatization

Newsroom 30/09/2014 | 14:46

Belgian postal services operator bpost was the sole interested party in submitting a non-binding offer on Tuesday for a 51 percent stake of the Romanian Post, writes Mediafax.

The Belgian operator’s decision constitutes the premise for a successful privatization, a process managed by the Government in accordance with the company’s strategy. Moreover, the decision reflects a track record of consistency, transparency and authenticity for the Privatization Commission and its efforts in the last two years under the coordination of the Information Society Ministry. We are delighted to have a bidder that meets all the conditions we would want from a majority shareholder of the national postal services operator”, according to a press release from the institution.

bpost’s decision will trigger a conversion process for turning the Post’s public debt into stock, a pre-condition for submitting the non-binding offer.

If selected, bpost will be admitted in the due diligence phase of the process, which implies access to the company’s financial data and management process, along with negotiations for the contract. In the end, bpost will be able to place a final bid for acquiring the majority stake.

“I salute bpost’s decision, one of Europe’s most solid postal operators. This is further evidence of the Romanian Post’s commercial performances this last year, an upward trend that should continue in the future I am sure”, according to Razvan Cotovelea, the minister for the Information Society.

bpost, also known as the Belgian Post Group, is the Belgian company responsible for the delivery of national and international mail.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue