PricewaterhouseCoopers (PwC), a part of the so-called Big Four professional services companies that operate worldwide, is to collect a fee worth 1.5% of the value of Electrica Muntenia Sud's privatisation contract that amounted to 820 million euros. PwC consultants will therefore collect as much as 12.3 million euros from the sale of "Electrica's crown jewel" to the Italians at Enel. PwC provided consultancy to the seller in this transaction. "The client admits it will pay a success fee worth 1.5% of the value of the transaction, a gross sum, the tax levied at the source included. The value of the transaction is defined as being 100% of the value of the capital contribution subscribed or agreed to be subscribed, plus any other total sums paid or agreed to be paid, in case existing shares are bought by an investor," reads a document from the Ministry of Economy and Trade, which is on the government's agenda.
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