The offers were filed by Czech WOOD & Company Financial Services a.s. in association with local brokerage SSIF Intercapital Invest and by a consortium made of Swiss Capital and BT Securities.
According to market participants, the second consortium might receive assistance from US brokerage firm Auerbach Grayson&Company, which could help sell Nuclearelectrica stock on international markets.
“A joint commission appointed by the Economy Ministry and by Nuclearelectrica has opened the offers and will proceed to analyze them,” the ministry said in a statement.
Nuclearelectrica is 90.27% owned by the Economy Ministry, while investment fund Fondul Proprietatea (FP.RO) holds the remaining stake. The ministry plans to sell a 10% stake in the power company on the Bucharest stock exchange by the end of March 2013, three months later than initially estimated.
This is Nuclearelectrica’s second attempt at hiring a broker for its planned initial public offering, after a first selection procedure was cancelled in May due to lack of bids.