|©THE HEREN REPORTS -Two break away in race for Electrica Muntenia Sud stake|
Two bidders have offered more than EUR 750 million for a stake in Romanian power distribution company, Electrica Muntenia Sud, according to Ioan Codrut Seres, the Romanian minister of economy and commerce on Wednesday (10th May).
According to reports from Romanian Mediafax, Seres stated that a privatisation committee would announce the names of the companies making the best two offers in two or three weeks.
CEZ from the
A release from the ministry stated that the five bids would be analysed by the government and its advisors PricewaterhouseCoopers and Norton Rose. The top two bids will be chosen, the second in case negotiations with the top bidder fall through.
Electrica Muntenia Sud serves the region around
(THE HEREN REPORTS - EDEM 10089 / 10 May 2006)