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Avioane Craiova at sale again

Joi, 22 martie 2007, 0:00

The State Assets Agency (AVAS) published on Wednesday the announcement for the sale of 739,466 shares, representing 80.94 % of the social capital at airplane and parts producer Avioane Craiova.
Investors are expected to lay their offers before May 2, 2007. The sale will be made through final, improved and irrevocable offers.
AVAS expects, along with the offers, a five-year business plan, including a minimum of 5.01 million euros worth of investments, out of which 1.67 millions during the first year after the takeover.
Competitors must have at least five years of experience in the airplane construction and service and prove that they had a business worth at least 10 million euros in 2006.

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