The consortium, which includes Banca Comerciala Romana, Intercapital Invest and Swiss Capital, was the sole bidder in the ministry’s auction for a broker.

Local authorities agreed with the International Monetary Fund to sell minority stakes in several companies, including energy transporters Transelectrica and Transgaz (TGN.RO).

The ministry holds a 73.68% stake in Transelectrica, while investment fund Fondul Proprietatea (FP.RO) holds 13.49%.