On the first day of the outcry auction to sell state-owned shareholdings held at the Moldova Stock Exchange on October 15, only one of the 28 exhibited shareholdings was sold. It is a 41.9% shareholding in SA Mapamond, IPN reports.
The shares were purchased by a private individual at the initial selling price of 0.01 bani per share. The given person will pay the cost of the shareholding plus a private tax of 1% for the transaction.
According to the representative of the Public Property Agency, the agrochemicals company Mapamond, based in Glodeni, hasn’t worked for a period, but owns furniture and other assets allowing running businesses. It also owns land, but it will be later privatized.
The outcry action will continue on October 16 and 17.
Broker Alexandru Craciuc said the chances for these shareholdings to find buyers are smaller than on the first day. The shares do not hold interest because they were auctioned for many times.
Moldova Stock Exchange president Corneliu Dodu said the Public Property Agency should review the lists if it wants these shareholdings to be sold. In the electoral period, the investors, especially the foreign ones, do not come with capital if they don’t know what government will follow.
The outcry auctions at the Moldova Stock Exchange close the third privatization round this year held between August 29 and October 17. The 2014 budget law envisions incomes of 240 million lei from privatization. In the first two rounds, there were privatized state-owned facilities and shares to the value of 143.5 million lei.
