“Today’s talks failed. Johan Meyer, co-manager of Fondul Proprietatea, proposed insolvency as an alternative to capitalization, despite the Romanian state’s efforts to invest RON170 million in the company’s capital and the fact that it is set to end the year with a profit,” the ministry said in a press release.
Sova said Posta Romana will be capitalized despite opposition from its minority shareholder.
Fondul Proprietatea sued Posta Romana in October for replacing three members of its management board but the postal company won. The fund had contested the changes although neither of the replaced members was its representative.
Posta Romana is 75% owned by the government and 25% owned by Fondul Proprietatea.