KPMG Romania and Tuca Zbarcea help deliver Romanian Post privatisation
The Ministry of IT & Communication has selected KPMG Romania and Tuca Zbarcea and Associates to consult on the privatisation of the Romanian Post. The contract is to run until the end of this year, as per the timetable agreed upon with the International Monetary Fund. October 2012 - From the Print Edition
The Ministry of IT & Communication has selected KPMG Romania and Tuca Zbarcea and Associates to consult on the privatisation of the Romanian Post. The contract is to run until the end of this year, as per the timetable agreed upon with the International Monetary Fund.
"We have ended the second stage in the privatisation process and therefore a period full of preparations, meetings and negotiations will follow," said Minister of IT & Communication Dan Nica. "We intend to finalise the privatisation by the end of this year. Investors, including international post administrations, have shown interest in investing in the Romanian Post."
The consultant selection process has been open since the beginning of August, with PricewaterhouseCoopers also submitting its bid for the consultancy contract, alongside KPMG and Tuca Zbarcea and Associates.
The consultant will assist in the planning and the completion of the privatisation. The main stages of this process include the analysis of the legislative framework, the evaluation of the Romanian Post and the proposal of a privatisation strategy. KPMG Romania and Tuca Zbarcea and Associates are also responsible for outlining the blueprints for strategic investors and organising all necessary rounds for the selection of the investor and the completion of the process.
After talks with the IMF, the Government decided to privatise the Romanian Post and attract an investor to take over at least 20 per cent of the share capital of the state-owned company.
By Diana Mesesan
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