Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Romania
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Pending
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-09-06
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: C.N. Posta Romana S.A.
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Transport
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 50.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 46,100,000.00
Converted using 2017-05-03 exchange rate.
Project Cost (USD): $ 50.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported EUR 46,100,000.00
Converted using 2017-05-03 exchange rate.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-05-03
Disclosure Date: 2016-08-05
Posta Romana Operational Restructuring
EBRD-48321

Project Description
The EBRD is considering providing a senior secured loan of EUR 46.1 million to C.N. Posta Romana S.A. The loan will be used to finance the company's priority capital expenditures aimed at expanding parcel and express mail services and upgrading postal infrastructure.
Investment Description
C.N. Posta Romana S.A. is the Romanian national postal operator. It is also a designated operator providing universal postal services. Posta Romana is owned by the Romanian state through the Ministry of the Information Society with a 75 per cent stake, and by Fondul Proprietatea (the FP) forthe remaining 25 per cent.
Contact Information
Robert Lorentz robert.lorentz@posta-romana.ro +40 21 200 9313 Fax:+40 21 200 7301 www.posta-romana.ro Bd. Dacia 140 Sector 2, Bucuresti Romania ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.