Le Bridge Corporation Limited officially announced that it became the owner of 90.81% stake in Chisinau tobacco factory Tutun-CTC starting on March 1

Le Bridge Corporation Limited officially announced that it became the owner of 90.81% stake in Chisinau tobacco factory Tutun-CTC starting on March 1

The Public Property Agency reported earlier that Le Bridge Corporation Limited acquired a in 90.81% government-owned stake in Tutun-CTC during a commercial tender. In general, for these shares, taking into account taxes and fees, 167.76 million lei were paid into the state budget. The sales contract was signed on January 11th. Under the terms of the contract, the buyer committed to develop and improve the efficiency of the enterprise by introducing technologies and modern equipment; preserve its profile and trademarks, preserve the number of jobs and ensure the safety of work; apply legislation in the field of environmental protection and restrictions in this area, specified by the state. It should be noted that the state-owned package of 90.81% shares in Tutun-CTC was repeatedly put up earlier for sale on the Moldova Stock Exchange. It was last put up for sale in a commercial tender for the sale of public property, which took place from October 12 to December 12, 2018, and the 90.81% stake in Tutun CTC was offered for sale at an initial price of 165.76 million lei. Tutun-CTC is one of the largest enterprises in Moldova; the joint stock company was established in 1998 on the basis of the Chisinau tobacco plant. Tutun-CTC produces more than 20 cigarette brands, many of which are well known not only in Moldova, but also abroad. Tutun CTC is engaged in the import, production and sale of tobacco products. The company Le Bridge Corporation Limited is owned by the French citizen Franck Charles Arif, it specializes in the distribution of various goods in Moldova and owns a network of duty-free shops. // 13.03.2019 - InfoMarket.

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