Local lender BRD - Groupe Societe Generale will provide the Romanian Post with consultancy services for a potential bond issue.

Raiffeisen Bank Romania also took part in the public tender for providing these services to the Post.

The Romanian Post wants to diversify its financing sources for its current activities, as well as for the future investment plans.

The state-owned postal company is also in negotiations with the European Bank for Reconstruction and Development (EBRD) a EUR 100 million loan. It plans to use the money to modernize its activity.

The Post is also considering listing its shares on the Bucharest Stock Exchange, after another failed privatization attempt in 2015.

The Romanian Post had total revenues of EUR 263 million in 2014 and a net profit of EUR 5 million.

editor@romania-insider.com