The government must resume the privatization process for Hidroelectrica after the previous strategy was annulled in court following an appeal lodged by Hidrosind, Hidroelectrica’s trade union.
“I hope the new broker will be selected by mid-January,” said Gabriel Dumitrascu, head of the privatization office with the Energy Department.
He said an IPO of Hidroelectrica’s shares could be launched in the first half of 2014.
Romania plans to sell 10% to 15% in Hidroelectrica.
Last year, the government has selected a consortium comprising BRD, Citigroup, Societe Generale and Intercapital Invest to assist with the sale, but no contract has been signed.