How much does the Romanian Post cost today?

The Romanian Post National Company has a market value of RON 172 million, or EUR 38 million, according to the evaluation made by Proprietatea Fund (FP), the only private shareholder of the company.

Proprietatea Fund holds 25 percent of Post’s capital, and, according to the latest data on Net Asset Value, published by the company this month, the value of this package was RON 43 million at December 31. Thus, based on this assessment, the total market value of the Romanian Post would be RON 172 million, or EUR 38.2 million at a rate of RON 4.5 /EUR.

The state-owned postal operator recorded a gross profit worth RON 12.3 million in 2016 and higher revenues by almost 2 percent compared to the previous financial year, according to a recent statement.

“The Romanian Post has the largest distribution network nationwide, meaning over 80 percent of all postal subunits operating currently in Romania. More than 19 million people benefit from the services of the Romanian Post and more than 7.5 million addresses are covered by its own network,” the release reads.

However, Greg Konieczny, Executive Vice President, Templeton Emerging Markets Group and Fund Manager of FP stated at the end of last year that the Fund still shows its interest in participating at Romanian Post’s capital increase, given the potential benefits that would result for the company from such an operation.

Romania started the privatization process of the postal service in December 2012, but without materializing something.

This year, Romanian Post is going to receive a capital injection from the state, shareholder with 75 percent to the company, of about RON 170 million, caught in the budget of the Ministry of Communications. The national post operator has historical debts amounting to about RON 200 million, and 27,000 employees.