Romania To Select Advisers For Electrica Units Privatization By End March
The Romanian Economy Ministry will hire by March 31, 2012 advisers for the privatization of several units of power company Electrica SA, according to a couple of draft government decisions.
The ministry, majority shareholder in Electrica, has drafted two decisions regarding the privatization of Electrica’s supply unit Electrica Furnizare and of five subunits of its repairs division Electrica Serv.
The draft decisions do not specify the privatization deadlines.
According to Romania’s latest letter of intent to the International Monetary Fund, Electrica will transfer its supply business to Electrica Furnizare and will privatize the unit by end-October 2012.
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