Four bidders for Electrica

Enel (Italy), EVN AG (Austria), Public Power Corporation (Greece) and BKW FMB Energie AG (Switzerland) have been selected to proceed to the next stage of the privatisation of two Electrica branches, Banat and Dobrogea. “The four companies met the necessary conditions to qualify as strategic investors and were shortlisted for the continuation of the privatisation process,” Laurian Badulescu, head of the Office for State Interests and Industrial Privatisation (OPSPI), was quoted as saying by Mediafax. “We will notify the four companies and send them the necessary information on how to prepare and submit the bids. The bid submission deadline is May 31,” he added. There was one more bid for Electrica Banat, submitted by the consortium comprising Grivco Energy (Romania) and ABB (Sweden), but it was rejected. Univers and Electrica Service employees’ associations that had submitted letters of intent for buying up to 10% in Electrica Banat and Dobrogea got a favourable answer, as well. They will be allowed to buy up to 10% in the increased share capital, after privatisation with a strategic investor is concluded. ZF