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September 02, 2015 3:49 PM ET

Air Freight and Logistics

Company Overview of Compania Nationala Posta Romana S.A.

Company Overview

Compania Nationala Posta Romana S.A. provides postal services in Romania. The company offers personal postal services, such as letter mails, postal cards, books, newspapers, magazines, merchandise, money transfer, electronic mail, and various payments services; and business postal services, including franking systems, direct marketing, advertising, express delivery services, and printing solutions. It also provides other services, such as post office box rental, change of destination, retail services, press subscription–contracting, insurance policies, and selling tickets to concerts, shows, and sports competitions. The company was founded in 1991 and is headquartered in Bucharest, Romania.

140 Dacia Boulevard

2nd district

Bucharest,  020065

Romania

Founded in 1991

Phone:

40 21 939 3111

Fax:

40 21 200 7470

Key Executives for Compania Nationala Posta Romana S.A.

Executive Director
Executive Director
Executive Director
Deputy General Manager and Executive Director
Compensation as of Fiscal Year 2015.

Compania Nationala Posta Romana S.A. Key Developments

Posta Romana Reports Earnings Results for the Fourth Months from January to April 2015

Posta Romana reported earnings results for the fourth months from January to April 2015. For the period, the company reported net profit of RON 18.7 million ($4.7 million/EUR 4.2 million) on the back of a 3.1% annual rise in revenues.  Last year, the postal operator recorded a net profit of RON 22.8 million after five years of losses, on a turnover of RON 1.12 billion. Total revenues rose by RON 11.7 million to RON 391 million in the first four months of 2015, while costs increased by RON 16.7 million to RON 371 million.

bpost Firm Offer For Posta Romana Expected

Romania expects bpost NV-SA (ENXTBR:BPOST) to submit a firm, binding offer in January 2015, to take over Compania Nationala Posta Romana S.A., said Razvan Cotovelea, IT Minister of Romania, according to Ziarul Financiar daily on November 25, 2014. Razvan added that further negotiations before signing the deal could take another three to four months.

bpost Only Bidder For Posta Romana

bpost NV-SA (ENXTBR:BPOST) presented the only bid for the Compania Nationala Posta Romana S.A. (CNPR). Alexandru Petrescu, General Manager of CNPR quoted in a press release, "The decision of the Belgian operator is the starting point for privatization of success, process led by the government of Romania in agreement with its own strategy. At the same time, it reflects a perseverant route, transparent and real of the commission for privatization in the last two years, body which worked until now under the coordination of the MSI. We are happy to have a bidder which complies with all the characteristics needed for a majority shareholder for the national operator of postal services." bpost will start the conversion of the debts of Posta Romana to the state in bonds, as precondition to the bid and the other documents for this state of the privatisation procedure. At the end of this stage, bpost will present a final bid for the acquisition of the majority package for shares with the Posta Romana.

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