Monday, April 21, 2008

Romania relaunches privatisation of IAR Brasov

BUCHAREST (Thomson Financial) - Romania said it has revived plans to privatise aeronautical group IAR Brasov.

The deadline for bids for 64.89 percent of the group is June 23, privatisation agency AVAS said.

A previous attempt to sell an identical stake was abandoned last year, when the government rejected an offer from the sole bidder, EADS' Eurocopter unit.

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