The decision was approved in the Government’s Wednesday meeting, people close to the matter told Mediafax.
Meanwhile, Posta Romana will be reorganized and its debts will either be converted into shares or restructured.
According to the sources, the Communications Ministry has one week to draw up a normative act on the reorganization of the postal operator.
Investors interested in the company had until May 28 to submit bids. Potential investors asked for the privatization deadline to be extended after tax authority ANAF revised up Posta Romana’s debts.
The company’s overall debts currently exceed 240 million lei (EUR55 million). (EUR1=RON4.3497)