The state-owned shares in 13 joint stock companies were sold out for 59.7 mln lei (about 3.5 mln EUR) through a public outcry auction held at the Stock Exchange on Tuesday, March 4. The amount is twice bigger than the initial price of the companies put up for auction.

Among the securities issuers, whose stocks were sold are the technical-sanitary works company Lalea-5, the technological machine station Activant, Orizont-95, Piese Agro-Prim.

This is the second round of sales of the state-owned shares through public outcry auctions at the Stock Exchange. The first was held during 16-23 November 2007. During it the state-owned shares in 33 joint stock companies were sold out for 76.5 mln lei (6.8 mln USD).

Director General of the Public Property Agency, Igor Grigore, appreciated the results of the first auction day as satisfactory, although they were expecting sales in the amount of 70 mln lei.

Overall, during the second auction were put up for sale the stocks of 53 joint stock companies in various economic sectors located mainly in municipal and rayon cities of Moldova.

The auction is of interest by the fact that the stocks of 38 issuers constitute between 25% and 100% of the stock capital and the investors may become owners of important stocks of shares or even of the control stocks, and in some cases even owners of 100% of shares.

The public outcry auctions will be held at the Stock Exchange until 17 March 2008. // BASA-Press



Publication date: 05 March 2008   

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