According to a decree recently adopted by the government, privatization offers for state–owned companies may be valid for up to two years. The new privatization scheme allows for Posta Romana to be sold by October 2015 at the latest.
The postal operator was supposed to be privatized this year but no investor bought the privatization task book by the May 28 deadline.
The company had total debts of RON650 million at the end of May.
Posta Romana is controlled by the Communications Ministry, which holds 75% of the shares, and investment fund Fondul Proprietatea (FP.RO), with a 25% stake.