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February 13, 2016 4:07 AM 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

Privatization Of Posta Romana Could Begin This Year

Compania Nationala Posta Romana S.A. could be privatized this year, Communications Minister, Marius Bostan said on February 5, 2016. "I cannot say when the IPO will be done. I could plan it after seeing a strategic plan, when we get dividends, see the financing resources for the company's development, because development is necessary both in automation in order to provide quality services, on the diversification side," said Marius Bostan.

State To Sell Posta Romana Shares Via IPO

Marius-Raul Bostan, Communications Minister, stated that the Ministry of Communications is considering selling shares of Compania Nationala Posta Romana S.A. through an initial public offering (IPO) on the stock market. “We will try to transform the Post into a public company. The state will continue to hold shares, but the company needs to enter into a process of transparency,” said Marius-Raul Bostan.

Privatization Of Posta Romana Fails

The privatization of Compania Nationala Posta Romana S.A. (CNPR) has been cancelled. Romania's information society ministry, MSI, said that bpost SA/NV (ENXTBR:BPOST) has failed to submit a binding offer for 51% of Posta Romana by September 15, 2015. "Considering the improved economic situation of Posta Romana and its diversified portfolio, MSI considers the approved privatization process needs to be analyzed by the Romanian government," the ministry said in a statement.

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