The privatization procedure in the case of the Romanian Post must be completed by mid-year, Premier Victor Ponta told a press conference at the Victoria Palace on Monday, Agerpres reported.

'The Romanian Post continues its privatization procedure. I believe it must be completed at mid-year, practically, the winner needs to be designated and the contract signed,' Ponta said, being asked by the media, after the meeting with the International Monetary Fund (IMF) delegation, about the privatization of this company.

The Romanian authorities had committed to find, by the end of June 2012, a strategic investor taking over 20 percent of the CNPR shares, following a share capital increase. The initial deadline for the Romanian Post privatization, through share capital increase, was the end of March 2012.

Source: bne