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Constanta and Timisoara airports share packages on the Stock Exchange

Financial Investment Companies (SIFs) interested in participating in the Stock Exchange listing process of Constanta (east) and Timisoara (west) airports will submit offers to this end, up to August 25, in the case of the first airport and, respectively, September 1, in the second.

The Ministry of Transport organizes tenders for the selection of consultants in order to float 5 percent share package of Mihail Kogalniceanu International Airport (Constanta) and Traian Vuia International Airport (Timisoara) on the Stock Exchange, according to an announcement of the institution remitted to Bucharest Stock Exchange (BVB).

The offers for Constanta airport will be opened on August 27 and those for Timisoara airport on September 3.

According to the announcement, the bidding is open to the financial investment companies or credit institutions, individuals or organizations in mediation syndicates registered with the National Securities Commission (CNVM).

The law stipulates that the state must put up on sale share packages of five percent of the capital of state-owned companies in which the Property Fund is one of the shareholders, the Ministry of Transport having eight such companies in its portfolio.

The eight companies subordinated to the ministry, to be listed on the Stock Exchange, are the National Company Bucharest Henri Coanda International Airport, the National Company Bucharest Baneasa Aurel Vlaicu International Airport, Mihail Kogalniceau - Constanta International Airport, the Administration of Navigable Channels Constanta, the Administration of the Maritime Danube Ports Galati, the Maritime Ports Administration Constanta and River Danube Ports Administration Giurgiu.

Sursa: http://www.rompress.ro

Tags: constanta companies international airport exchange timisoara share stock bvb

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