The Authority for the Improvement of the State’s Assets (AISA) Sells Companies a

The Authority for the Improvement of the State’s Assets sold on the capital market, in the first six months, 37 minority stocks packages owned at different companies. The authority cashed for those 77 billion lei (approximately 1.9 million euros).

The sum is higher with 19 billion lei than the one cashed last year. The methods used were many: from draft selling, electronic auctions, answers to the public offers to direct negotiations. Dependant on the method used, the commercial firms have been privatized as it follows: 12 firms using draft selling, 9 firms by electronic auctions, 15 firms by answer at a public offer and one firm by negotiation with preferential right.

MINORITY STOCKS. By direct selling minority stocks valuing 4 billion lei from Lafarge Agregate Betoane Bucharest, Sintofarm Bucharest, Meduman Viseu, and Scut Constanta have been sold. The sum cashed following the selling of the stocks of nine firms by electronic auctions reached 28 billion lei. AISA received more than 45 billion lei from stocks selling through the public offers. The authority considers that the selling on the capital market is to become one of the most used methods for transferring minority stocks into the private property, due to the decrease of the institution’s portfolio.