Tuesday, May 20, 2008

Romania gets three bids for aircraft maker

BUCHAREST, May 20 (Reuters) - Romania has received three binding bids in the sale of the state's majority stake in aircraft maker Avioane Craiova, privatisation agency AVAS said on Tuesday.

Italy's Alenia Aeronautica (SIFI.MI: Quote, Profile, Research), AERO Vodochody of the Czech Republic and local firm INAV had submitted offers for an 80.98 percent stake in the firm, AVAS said in a statement.

Earlier this month, AVAS extended the deadline for binding bids to May 20 from May 9 following requests from investors.

Last year, AVAS failed to strike a deal to sell the company to a consortium of local private firms and said it would relaunch the sale. (Reporting by Radu Marinas; Editing by Sue Thomas)

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