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State shares in 14 joint-stock companies are being sold on the Stock Exchange of Moldova.

State shares in 14 joint-stock companies are being sold on the Stock Exchange of Moldova.

Within the framework of the summer round of privatization announced by the Public Property Agency, state shares in 14 joint-stock companies are offered for sale (shares are from 30.083% to 99.637%). Their total initial cost exceeds 1.28 billion lei. In particular, the state block of shares in Metalferos JSC (78.282%) was put up for sale. The price of one share remained at the level of 3,000 lei per share, respectively, the value of the package is 843.2 million lei. The state’s stake (60.179%) in the Chisinau Hotel JSC is sold for 1.55 million lei (5.34 lei per share), the state's share in the insolvency Alimentarmaș JSC (30.083%) is sold for 40.3 million lei (5.5 lei per share), the state block of shares in the Balti Institute of Scientific Research Rif-Acvaaparat (92.908%) is sold for 16.06 million lei (45 lei per share). The state shares in 10 enterprises for the repair and maintenance of roads are also put up for privatization, the blocks of shares are sold at a price of 27.6 million to 54.26 million lei, the total initial value of these objects exceeds 380 million lei. Stock Exchange of Moldova auctions will last until July 23. It is worth noting that so far, within "under the hammer" auctions held in the framework of this round of privatization, 4 objects of state property were sold for 52.2 million lei. In total, revenues from privatization in 2021 are planned at the level of 700 million lei. For comparison, in 2020, privatization revenues amounted to 372.17 million lei, which is almost twice as much as in the previous year (191.7 million lei). // 14.07.2021 - InfoMarket

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