Minister Sorin Grindeanu said in a press release Tuesday the privatization committee has found bpost’s non-binding offer meets requirements and the company may proceed to perform due diligence.
“The national postal operator ended 2014 with a substantial profit, following six years of losses, and has proven it can be a valuable asset for a strategic investor,” the minister said.
Following the due diligence process, bpost will be able to submit a firm binding offer to acquire the majority stake in Posta Romana.
Belgium’s bpost was the sole investor to express interest in Posta Romana at the end of September last year, after a failed attempt at privatization in 2013, when no investors showed interest.