Loading ...Seven investors have shown interest in the privatization of IAR Ghimbav aircraft maker, based in Brasov (120 km north of Bucharest), so far, AVAS Privatization Authority announced on July 22.
Aero Vodochody, of the Czech Republic, Eurocopter France, SC Rups SA of Brazi (north of Bucharest), SC UTI Systems SA, Bucharest, Marcovici Capital Ltd Isael, SC Grivco SA Bucharest and SC RO Mike Trade SRL Bucharest, are the seven companies that have already bought the presentation file to vie in the current privatization of IAR Ghimbav.
At the request of Eurocopter France and SC UTI Systems SA, AVAS extended till Sept. 15, 2008 the deadline required for the submission of firm purchase offers for IAR Ghimbav aircraft manufacturer, the deadline being required for the finalization of the internal audit the Company is currently conducting the privatization process of IAR Ghimbav was resumed on April 21, 2008, after the privatization proceedings started in 2006 had not been completed, AVAS data say.
It deals with the privatization offer AVAS made in 2006 when Europoter SA France was the sole bidder interested in IAR SA Ghimbav. During the proceedings the negotiation commission was permanently asking the bidder to improve its bid and had successively protracted the offer’s validity by 30 days, each time. Oct 21, 2007 was the last protraction of the bidding, the law in force allowed. The bidder failed lodging the improved and irrevocable final bid at the AVAS hqs, and the privatization agreement could not be reached.
IAR Ghimbav is an open company whose shares are traded on the capital market.
AVAS holds 64.89% of the Company’s stock. The Brasov-based Company manufactures and repairs aircraft.
AVAS holds 64.89% of the Company’s stock. The Brasov-based Company manufactures and repairs aircraft.
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