Banca de Economii, which is in the process of liquidation, again put up for sale as a single package 61200 Moldasig shares (10.2%) at a reduced price of 359.27 lei per share with a total value of 21.98 million lei.

Banca de Economii, which is in the process of liquidation, again put up for sale as a single package 61200 Moldasig shares (10.2%) at a reduced price of 359.27 lei per share with a total value of 21.98 million lei.

As noted in its message, in particular, the shares are put up as a single package for auction, which will be held at the Stock Exchange of Moldova from March 1 to March 7. Earlier, from January 9 to January 22, Banca de Economii offered this Moldasig block of shares for sale at a price of 399.19 lei per share, and their total value was 24.43 million lei. As InfoMarket agency reported earlier, 80% of Moldasig shares are also put up for sale at the Stock Exchange of Moldova: they are once again put up in three large packages at a lower initial cost. The total initial value of all the blocks of shares put up for sale (480 thousand units) is estimated at about 21.7 million lei against 44.3 million and 31 million lei in the last two offers. The deadline for the new auction is March 18-22. As previously reported, the Administrative Board of the National Commission for Financial Market ordered the Moldasig management to issue new shares and put them up for sale instead of the canceled shares that were acquired by previously agreed shareholders without prior permission of the supervisory authority and were not sold on time. It should be noted that on December 6 and 14, 2016, the NCFM obliged a number of Moldasig majority shareholders to sell their shares, having made such a decision in connection with a warning to the Information and Security Service about concentrated deals made by these shareholders without prior notification of the market regulator. Within 3 months from the moment of the decision of the NCFM, these companies had to sell their shares in Moldasig. Since the shareholders did not sell their shares in due time, the executive body of Moldasig was obliged to cancel their shares, issue new shares and put them on sale. // 06.02.2019 — InfoMarket.

News on the subject