Banca de Economii, which is in the process of liquidation, again put up for sale in a single package 61200 Moldasig shares (10.2%) at a lower price of 291.01 lei per unit; their total value is 17.81 million lei

Banca de Economii, which is in the process of liquidation, again put up for sale in a single package 61200 Moldasig shares (10.2%) at a lower price of 291.01 lei per unit; their total value is 17.81 million lei

As noted in the message of the bank, in particular, the auction "from the hammer" will be held at the Stock Exchange of Moldova from May 20 to 24. Previously, Banca de Economii put up for sale the same single Moldasig block of shares at a price of 399.19 lei, 359.27 lei, and later 323.34 per share, and their total value was then 24.43 million, 21.98 million and 19.78 million lei, respectively, but there were no buyers for them. As InfoMarket agency reported earlier, in addition, recently 80% of the shares (480 thousand units) of the insurance company Moldasig were again put up for sale on the Moldova Stock Exchange in three large packages at a lower initial cost. The cumulative initial value of all shares offered for sale is estimated at about 15.2 million lei versus 44.3 million, 31 million and 21.7 million lei in the framework of the latest offers. The period of the new auction is June 24 - 28. The administrative council of the National Financial Market Commission ordered the Moldasig management to issue new shares and put them up for sale instead of the canceled shares, which were acquired previously by a group of shareholders working in concert 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 in this joint stock company, having adopted such a decision in connection with the warning of the Information and Security Service about the concentrated deals made by these shareholders without prior notification of the market regulator. Within 3 months since 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 up for sale. // 24.04.2019 - InfoMarket.

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