Over 90% of the state-owned shares in the tobacco company Tutun-CTC were sold to the foreign capital enterprise “Le Bridge Corporation Limited”. The sale-purchase agreement was signed on January 11, IPN reports, quoting the Public Property Agency.

The purchase price was 167.7 million lei. This amount was already paid into the state budget, as were other taxes required by law.

Tutun-CTC was privatized as a result of a commercial contest held as part of the last privatization round announced on October 12 last year. The buyer pledged to develop and optimize the company’s work, to implement technologies and introduce modern equipment. It will keep the company’s specialty and trademarks and the workplaces of qualified personnel and will ensure labor security.

“Le Bridge Corporation Limited” is a tobacco firm registered in Moldova in 1998. It produces tobacco, cigarettes and articles for smokers.