The first consortium comprises Citibank, Societe Generale-BRD and Intercapital Invest, while the second one is made of Goldman Sachs, Erste, BCR, UniCredit CA-IB and BT Securities, the power company said in a statement.
The bids will be opened later in the day.
Hidrolectrica is 80%-owned by the Economy Ministry, while investment fund Fondul Proprietatea (FP.RO) holds the reminder stake. The company is valued at EUR2.8-EUR3.9 billion, so the initial offering for a 10% stake could raise between EUR280-EUR390 million.
The 10% stake sale will be completed by the end of October.
Hidroelectrica’s profit fell to 15.7 million lei (EUR3.6 million) in 2011, from over RON292 million in the previous year, hit by prolonged dry weather.
For 2012, the power company estimates a net profit of up to RON100 million, as water levels are expected to return to normal elevations.