Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

IAR Ghimbav, ready for sale

AVAS Privatization Authority on Monday put up for sale 64.89 percent of the share capital of IAR Gimbav aircraft maker, AVAS said.

AVAS submitted to the Competition Council and the European Commission the documents for the company's privatization. Consultations were held with officials from the European Commission, for the privatization to be transparent, in line with the European norms, not prone to suspicions of state aid. In assessing offers by investors, 95 percent of the final points are represented by the price of shares, and five percent by development expenses. Mandatory for participation in the negotiation is a business plan of the investor, for five years, which has to include the financing sources, and a development plan for the defence industry, with the opportunity to make the deal to be decided by AVAS. AVAS included in the privatization contract non-negotiable conditions about the observance of Emergency Ordinance 95/2002 on the defence industry, of other normative acts on the national economy and the defence industry. IAR makes and repairs aircraft. The other shareholders of the company are MMSS, 7.35 percent of the shares, SIF3 Transylvania, 4.57 percent, natural persons, 17.25 percent, legal persons, 5.98 percent. The participation documents will be opened on June 23, 2008, in the presence of all potential buyers. Sursa: http://www.rompress.ro

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