The authorities plan to sell 51% in Electrica, a shift from the initial strategy which envisaged selling Electrica’s main divisions separately.
OPSPI’s chief Gabriel Dumitrascu said Thursday that selling a majority stake in Electrica would bring higher revenue to the state budget compared with selling minority stakes in the company’s distribution units as originally planned.
Electrica’s privatization is one of the measures the government has committed to undertake under a EUR3.6 billion loan agreement with the International Monetary Fund.
However, the process has been delayed several times, with the latest official date being set for the first part of 2013.
Electrica has a share capital of 2.06 billion lei (EUR470 million). The company operates three distribution units on the local market, as well as an electricity delivery unit and a maintenance and service subsidiary.