Spencer Stuart, Egon Zehnder File Bids To Conduct CEO Search For Romanian State Cos
Recruiting firms Spencer Stuart and Egon Zehnder International have filed bids to search executives for Romanian state-run companies Hidroelectrica, Oltchim (OLT.RO), Electrica Furnizare and Romarm, the Economy Ministry said in a statement Friday.
A third offer, filed by Boyden, couldn’t be accepted because it wasn’t lodged in due time, the ministry said.
The offers will be analyzed in the next days and the winner will be announced “shortly,” according to the statement.
Romania has pledged, under a EUR3.6 billion loan agreement with the International Monetary Fund, to sell minority stakes in several key state-run companies and to place 16 such companies under private management.
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