According to the ministry, the International Monetary Fund consented to the deadline extension.
The decision was taken following requests from investors, who demanded more time to analyze the company’s growth potential, the ministry said.
Romania is looking for a strategic investor to acquire 51% of Posta Romana.
Eligible investors must provide “relevant and conclusive proof” they have at least EUR150 million for a cash injection into Posta Romana’s share capital.
The ministry owns 75% in Posta Romana, while local investment fund Fondul Proprietatea (FP.RO) has the remainder.
Posta Romana is Romania’s largest provider of postal services. The company reported turnover of 1.26 billion lei (EUR286 million) in 2011, down 8.7% on year. Its losses rose 50% to RON182.9 million. (EUR1=RON4.4032)