EnglishProspective bidders for the assets of Moldomobila - Iasi requested a new postponement of the deadline set for bid submission, according to Mihai Duran, a project manager with realtor Eurisko, which is handing the auction. "Upon the prospective bidders" request, we are going to extend again the deadline for bid submission. This is an important deal and requires more time to prepare the paperwork. The investors too need time to finalize their business plans. I believe a realistic timeframe for holding the tender would be March," said Duran.
Moldomobila shareholders last September decided to sell the company"s 13.35 hectares through Eurisko Consulting SRL - Bucharest. The starting price is 300 EUR/sq.m., whereas the overall minimum price is 40 million EUR. The funds could be used to entirely pay the debt to the State, relocate the factory to a cheaper area and finance new investments. The auction has been postponed several times to give prospective bidders the time to prepare their investment projects.
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