State to auction holdings in 33 joint stock companies

Outcry auctions will take place at the Moldova Stock Exchange during February 22-25 to sell state-owned holdings in 33 joint stock companies operating in different sectors of the national economy. Those holdings could not be sold at the previous auctions. Eighteen of the holdings represent over 50% of the companies' registered capital, Info-Prim Neo reports. In a communique, the Moldova Stock Exchange says the shares will be sold at outcry auctions, where the buyers can purchase undivided holdings in each of the companies. The dealings are performed through accredited brokerage companies. In a news conference earlier, the head of the Public Property Agency Tudor Copaci said that state property to the value of 935.8 million lei will be auctioned between February 22 and March 10.