Thursday, June 28, 2007

Romania sells meat processor

ROMANIA: State-owned shares in meat processing company Prelucrarea Carnii Splai up for sale.

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.

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