BCR negotiations with EBRD and IFC

The Government will meet today to discuss a memorandum mandating the Privatisation Commission of the Romanian Commercial Bank (BCR) to negotiate the sale of a 25% stake in the bank with the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD). The BCR Privatisation Commission, led by minister Ovidiu Musetescu, on Tuesday met with a joint EBRD-IFC delegation, comprised of financial experts and heads of the two institutions’ Bucharest offices. The talks were also attended by the appointed consultant for the BCR privatisation, Japanese company Daiwa Securities. ZF