State sold its holdings in five companies on first auction day
Five state holdings were sold at the new round of auctions that started on the Stock Exchange of Moldova on August 18 for 84.170 million lei overall. Undividable state holdings in 28 joint stock companies are exhibited for sale at the auctions.
According to the Stock Exchange, the purchase price of the shares was by 53,700 lei higher than their initial value. At the auction, two investors bought holdings of more than 50% of the companies’ authorized capital.
On the first auction day, there were sold 71.674% of shares in SA Stigma, 98% of shares in SA Farm-Com based in Comprat town, 14.2% of shares in the Taraclia Butter Factory, 5.9% of shares in SA Noroc located in Mandresti village in Telenesti district, and 1.04% of shares in the Sangerei wine factory. All the holdings were sold at the initial price, except the shares in SA Noroc, which processes grapes and produces alcoholic beverages.
Two economic entities bid for the 5.9% holding in SA Noroc. The selling price of a share trebled during the auction, to 3.16 lei, as against the initial price of 1 leu a share.
Three rounds of auctions for selling state shares, an investment contest and three commercial contests have been held on the Stock Exchange this year. There were auctioned about 60 companies at a price of over 300 million lei.//REPORTER.MD
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