PRIVATIZATION
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Romania Pledges To Sell Most Companies Held By Economy Ministry
The Romanian Government has pledged to sell most state companies under the Economy Ministry in its letter of intent to the International Monetary Fund.
Romanian Government Converts Posta Romana’s Debts Into Shares
Romania’s Government Wednesday approved the conversion into shares of the state budget debts registered by postal operator Posta Romana, ahead of the company’s privatization.
Oltchim Needs EUR15M For Technological Investments
Romanian chemical company Oltchim (OLT.RO) needs some EUR15 million for urgent technological investments, Economy Minister Varujan Vosganian said Friday, adding that the state-run company, w...
Five Law Firms File Bids To Advise On Romtelecom Privatization
Law firms Salans (currently Dentons), David&Baias, Bulboaca&Asociatii, Florea&Asociatii and Bostina&Asociatii have filed bids to advise the state on the sale of its 45.99% stake in Romanian...
SIFs Want To Jointly Invest In Oltchim After Privatization
Romania’s five regional investment funds (SIFs) plan to form a consortium to invest in state-run chemical company Oltchim after privatization, and propose a merger between the plant and Chim...
Fortissimo Capital And PCC SE Team Up For Privatization Of Chemical Plant Oltchim
Israeli private equity investment group Fortissimo Capital and PCC SE, minority shareholder in Romania’s state-owned chemical company Oltchim SA, will form a consortium to participate in the...
Romania Signs CFR Marfa Sale Contract
Romania’s Transport Ministry and Grup Feroviar Roman (GFR) Monday signed the sale contract for freight railway carrier CFR Marfa.
Romania Seeks Legal Adviser To Finalize Romtelecom Sale
Romania’s IT&C Ministry will organize an auction on September 6 to acquire legal services in view of finalizing the sale of a 45.99% stake in hard line telephony operator Romtelecom.
Romanian CFR Marfa Sale Should Be Completed By Mid-October
Romania’s government decision approving the sale of 51% in railway freight carrier CFR Marfa to Grup Feroviar Roman (GFR) has been published in the country’s Official Journal.