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Savings House privatization to continue

Vineri, 3 martie 2006, 0:00

The privatization commission rejected Thursday a request to postpone the privatization of the Romanian Savings House (CEC) by two years, thus giving green light to its sale, according to Finance Ministry sources. The purchase price will cover 75% of the evaluation points.

Six banks have expressed interest in the privatization of CEC so far: the National Bank of Greece, Monte dei Paschi di Siena, Dexia Bank, EFG Eurobank, OTP Bank and Raiffeisen. One of the initial pretenders was Erste Bank, but the Austrian group won the privatization tender of the Romanian Commercial Bank (BCR) in the meantime, for a total of 3,75 billion euro.

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