The contract is estimated at RON128,000 -RON500,000 (VAT not included) and will run for 24 months.
According to the taskbook, the winner of the auction will assist the ministry with elaborating the normative acts needed to finalize the privatization process and it will also analyze and offer legal advice regarding the documents drawn up by the consultant selected by the ministry.
End-July, the ministry said it was looking for legal advisers to assist with the sale of its remaining holding in Romtelecom. This is the Romanian Government’s third attempt to sell its 45.99% stake in Romtelecom, which is majority owned by Greece’s largest telecom company OTE.
The Greek company in 2011 declined to buy out the state’s shares in Romtelecom, citing unfavorable economic conditions.
Romtelecom is Romania’s largest fixed line telecom operator. The company reported net profit of RON312.6 million in 2012, versus losses a year earlier, on total sales of RON2.73 billion. (EUR1=RON4.4288)