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Image header Agence Europe
Europe Daily Bulletin No. 9059
Contents Publication in full By article 21 / 33
ECONOMIC INTERPENETRATION / (eu) privatisation

- Romania: The Romanian Ministry of Finance has retained the ERSTE BANK of Austria and MILLENIUM BANCO COMERCIAL PORTUGUES of Portugal for participation in the privatisation of BCR - BANCA COMERCIALA ROMANA (EUR 7 billion assets with net profits of EUR 121 million in the first half of 2005, 12,282 employed and 4.2 million clients) as they “proposed the most advantageous terms and conditions for Romania”. No details on price were disclosed. According to some analysts, up to EUR 3 billion may enter the coffers of the Romanian State with this deal. Final negotiations begin next week after which the winner will take over the whole of the State's stake (36.9%) and that jointly held by the European Bank for Reconstruction and Development and the SFI, the World Bank's investment bank (25%).

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION