Shortlist for Romgaz privatisation done

The Economy and Trade Ministry has selected 13 investment banks and consultancies for the advisory contract linked to Romgaz”s privatisation strategy. Originally, 14 international organisations submitted letters of intent for advisory services, but only 13 met pre-qualification conditions and were short-listed for the privatisation of the company. Morgan Stanley, Merrill Lynch, Citigroup, CA IB Corporate Finance Beratungs GmbH, Goldman Sachs and Lazard Freres will participate in the next stage of the selection process, each with individual bids. JP Morgan teamed up with ING Bank N. V. for a consortium, with Bank of America Securities Limited choosing the do the same with Central Europe Trust, Deloitte Central Europe, Allen Overy, WS Atkins International and Racoti-Predoiu. Another short-listed consortium comprises Credit Suisse First Boston Europe Limited with RAEF, Linklaters, Miculiti, Mihai & Asociatii. ABN Amro has joined forces with Musat si Asociatii, while UBS Investment Bank submitted a letter of intent jointly with BAC Romania. BNP Paribas Corporate Finance goes ahead with EPIC, Tuca si Asociatii, and BDO Conti Audit Romania. HSBC Great Britain has joined the race together with BCR (Romania), Capital SA (Romania), FBD, Racoti si Predoiu. ZF