Reuters reported the Romanian Finance Minister Sebastian Vladescu stating that despite a leftist opposition calls that the bank should remain in state hands, the privatization of CEC will go ahead as planned.
Our view: We believe that the market is now waiting for the final decision to be announced, with a deadline for final bids set around 25 of September. We do not expect any material stock price reaction on the back of that news today. We reiterate our Buy rating.