A public offering was initially set for mid-July, the people told MEDIAFAX.
In May, Vimetco announced plans to sell up to 20.96% in Alro, in a joint operation with Conef SA, a subsidiary of the Romanian smelter.
A consortium made of Unicredit CAIB Securities Romania, ING Bank and Raiffeisen Capital & Investment will broker the deal, which is estimated at around 576 million lei (EUR139 million)
Vimetco owns 84.19% in Alro, while Conef holds 3.77% of its shares. Investment fund Fondul Proprietatea owns a 10.03% stake.
Alro reported net profit of RON120.24 million (EUR29 million) in the first quarter, more than double on the year.
Thursday afternoon, Alro’s shares were down 2.66% at RON3.699 in Bucharest. (EUR1=RON4.1341)