State could collect over 2 billion lei following privatizations in December: rating agency states

The state could collect over 2 billion lei following the privatizations from December 17 to 19, if it sells all of those 66 stakes, the Rating and Estimation Agency Estimator-VM asserts. The trades, announced by the Public Property Agency, will be operated, as a rule, on the Bourse at the outcry auctions, Info-Prim Neo reports. The size of the state-owned stakes vary from 0.06% to 100%. The price varies from 5.85 thousand lei to 541.19 million. The most expensive stake represents 80% of the stocks issued by SA “IPTEH”. It set for sale jointly with the stocks issued by SA “IMTEHCOM”. The state demands 2,844.99 lei per stock. This price is amazingly big, if we take into account the fact that it has never been over 39 lei per stock, Estimator-VM notes. The privatization list also includes 6 companies from the processing tobacco area. The most important is Tutun CTC. The selling price of a stock is 59.99 lei. Its price has been constant up to now – 25 lei per stock. The only financial institution that has been exposed to privatization is Eurocreditbank, Estimator-VM says. The total stake constitutes about 21%, and it has been divided into 5 equal stocks of 4.204%. So, the people eager to buy the bank stocks will not have to obtain the Central Bank's promise which is due in case of buying a stake worth over 5%. The starting price at the auction is 14.99 lei per stock. The final market price of these securities was 12 lei per stock. Other important companies on sale are: the Central Universal Shop “Unic,” Floare-Carpet, Orhei-Vit, Aviatehnologie, Glass Container Company, etc. The tin factory group includes those from Glodeni, Calarasi, Olanesti, and the milk factory group– Incomlac, JLC, Lactis, the Butter Factory from Floresti, the Cheese Factory from Cahul. Opposition deputies have criticized the mass privatizations of the state entities at a sitting, on December 4. The Communist deputies have described the critics as “hysterical statements”. The parliamentary majority has denied the requirement to invite the minister of economy to give reasons for this.