The company sought four RON20 million loans and two RON10 million loans in an auction launched July 18 and ended September 3, and received and accepted bids from four banks, it said in a statement. It added total loan costs amounted to RON8.8 million and details would be provided when the contracts are signed.
Posta Romana is the country’s biggest postal operator, 75% owned by the Ministry of Communications and 25% by investment fund Fondul Proprietatea (FP.RO).
In 2011, the company’s turnover dropped 8.7%, to RON1.26 billion, while its net loss widened 50%, to RON182.9 million. The company had debts of RON556.9 million at the end of 2011.