Electrica shortlisted eight consortia and companies to help with the sale of its electricity-supplying unit Electrica Furnizare, the company said.
The short list includes large institutions such as lender BRD, a unit of France’s Societe Generale, Erste Group Bank AG (EBS.RO), KPMG Romania, PricewaterhouseCoopers Management Consultants, Swiss Capital SA, Raiffeisen Capital&Investment and UniCredit.
Electrica Furnizare is 78%-owned by Electrica, while investment fund Fondul Proprietatea (FP.RO) holds the reminder 22%. The company employs 1,243 staff and posted EUR926 million in turnover in 2011.
For the privatization of maintenance and repairs unit Electrica Serv, the power company shortlisted six consortia and companies that will compete for the consultancy contract.
The prequalified institutions are Italy’s Booz&Company, a consortium comprising lawyer firm Oana Alexandra Jidelea, Applied Expert, Blue Terra Consulting, Accounting and Global Tax and Swiss Capital SA, KPMG Romania, the Norton Rose-Vilau&Mitel association, the PwC Management Consultants-D&B David si Baias association, and the Raiffeisen Capital&Investment-Raiffeisen Centrobank association.
Electrica Serv will be privatized alongside five other subsidiaries that serve customers in Romanian regions of Dobrogea, Moldavia, Oltenia, Banat and Muntenia.
Electrica Serv employs 3,574 staff, while its five subsidiaries have together around 2,400 employees.