The last stage of the outcry auction to sell 21 state-owned shares to the value of 702.6 million lei, according to the initial selling price, is held at the Moldova Stock Exchange on March 31, IPN reports.

According to unofficial sources, the 31.4% shareholding in SA Glass Container Company was sold for 28.92 million lei on the second auction day. Glass Container Company was created based on a project supported by the EBRD. The company produces bottles of different sizes and forms for bottling wine, cognac and beer. Shares in SA Glass Container Company are also owned by Western NIS Enterprise Fund (36.7%) and Moldova Agroindbank (17.4%).

The outcry auction at the Moldova Stock Exchange forms part of the first round to privatize state property announced by the Public Property Agency of the Ministry of Economy for this year.