The Romanian government is to sell off nearly three quarters of the shares in the meat processing company Prelucrarea Carnii Splai as part of a privatisation programme.
The Authority for State Assets Recovery (AVAS) has advertised the sale at a price of 1.9 million Romanian lei – approximately €598,000 - 9.25 lei per share.
The sale is expected to take place in July.
According to AVAS the Bucharest based company has a share capital of 733,627 lei.
In all just over 70 per cent of the state owned shares will be sold.