The result of the competition for the acquisition of 67.5% of the Electrica Muntenia Sud subsidiary shares could be made public these days. The acquisition counts for the energetic companiesâ European supremacy.
The result of the competition for the acquisition of 67.5% of the Electrica Muntenia Sud subsidiary shares could be announced these days, according to an official of the Bureau for the Stateâs Allotments and for the Industry Privatization (OPSPI), which takes care of the transaction.
The Muntenia Sud subsidiary is the Electrica "subsidiary", because it supplies electricity to Bucharest, and to the Ilfov and Giurgiu counties. It has the highest density of profitable clients, and the Government, the Parliament, and the Presidency are under its administration.
CANDIDATES. CEZ (Czech Republic), ENEL (Italy), Gaz de France (France), Iberdrola (Spain) and RWE Energy (Germany). These companies filed final offers for Muntenia Sud. The market specialists estimate that ENEL and RWE Energy are the favorites. RWE is seeded 22nd in the latest Top Platts of the most powerful 250 world integrated energetic (hydrocarbons and electricity) groups. ENEL is seeded 24th while Iberdrola is the 43rd. The specialists say that the top does not necessarily give the order of the favorites for Muntenia Sud.
"The ones that know the European market say that only 7 of the 10 European leaders will continue to exist. Iberdrola, not very well represented on the Eastern Market, and CEZ (122nd in Top Platts) could offer more in order to remain amongst the great ones", an important analyst of the Romanian energetics stated for us. Gaz de France does not appear in the Top.
OFFERS. "Ziarul Financial" (the Financial Newspaper n.e.) says ENEL seems to have offered approximately 820 million euros, and Iberdrola offered about 770 million euros. The minister of Economy