The second this year auction to sell publicly owned shares will be held at the Moldova Stock Exchange between July 15 and July 18. The auction is organized by the Ministry of Economy’s Public Property Agency, IPN reports. The buyers will be able to purchase shares only as undividable holdings.
There will be auctioned shareholdings in 32 joint stock companies. In 12 of them, the state-owned holding exceeds 50%, including in Aeroport-Catering and Comert-Petrol (100%), the Orhei tobacco fermentation factory (95%), the Falesti sanitation machinery plant (94%), Aqua-Prut (76.5%) of Rosu village of Cahul district, and Floare-Carpet (59.4%).
The negotiations at the Moldova Stock Exchange take place through accredited brokerage companies. Those who want to take part in the auction can choose a brokerage company from the list available at the Stock Exchange and on its website. The Public Property Agency allows the potential buyers to familiarize themselves with the documents concerning the financial-administrative activity of the companies exhibited for sale.
The initial selling prices were reduced by 10% on average compared with the previous auction, given that the shareholdings are auctioned the second time. There will be exhibited shares to the value of 209.9 million lei, according to the initial selling price.
In the first auction to sell shares that are public property on April 8-11, there were sold holdings in SA Aeroport-Handling, Nord-Zahar, and Farmaco. The transactions amounted to 79.3 million lei. All the three holdings were sold at the initial selling price. The 95% holding in SA Farmaco was purchased by a Swiss company for 51.5 million lei.
