THE AGENCY FOR THE DOMAINS OF THE STATE SELLS OFF SEVERAL PROPERTIES: The state is selling its minority stakes in the agricultural sector

Cătălin Deacu (Tradus de Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 24 martie 2010

The government is selling the minority stakes it has in the agricultural sector in order to consolidate its budget revenues.

The initiative comes as the state has already announced it wants to include the minority stakes owned by the Ministry of the Economy and the Authority for State Assets Recovery (AVAS) in a new sovereign investment fund.

The Agency for the Domains of the State (ADS), the institution tasked with the privatization of companies in the agricultural sector, own minority stakes in 24 companies, whose total share capital is worth 122 million lei (around 30 million Euros) (ed. note: you can view the list on www.bursa.ro)

The ADS is a majority shareholder in three other companies: The National Company for Land Improvement (SNIF), SC Agroprodom Odorheiul Secuiesc SA and SC Sericarom SA, with the first two being under special administration (for the purpose of privatization), and the third will be reorganized as a research station.

Many of the companies in which the state is a minority shareholder were efficient Agricultural Research Institutes in the past, but the privatization caused them to enter a steady decline.

"Due to the low interest for the acquisition of these stakes, most of them being in companies with a small share capital, dwindling activity and a small number of employees, work is being done on several draft bills intended to simplify the procedure for placing bids and for the acquisition of the minority stakes in these companies", the ADS officials said.

The legislative changes, which concern the starting bid for auctions, and the obligation of the majority shareholder to provide the ADS with the necessary documentation to draw up the sale offers, will be adopted through a law, after the alternative of an Emergency Government Ordinance was rejected, the ADS officials said.

The ADS said that it is putting up for sale its minority stakes in five companies: "Agroindustriala Fortuna", "Agroindustriala Bucium", "Pomicola", "Agro Daneasa", and "Rovit".

All the remaining stakes of the state in agricultural companies were initially supposed to be included in a sovereign investment fund, but the project did not receive the approval of the government last autumn.

Comanda carte
fngcimm.ro
danescu.ro
raobooks.com
boromir.ro
Mozart
Schlumberger
chocoland.ro
arsc.ro
domeniileostrov.ro
leonidas-universitate.ro
Stiri Locale

Curs valutar BNR

24 Dec. 2024
Euro (EUR)Euro4.9748
Dolar SUA (USD)Dolar SUA4.7860
Franc elveţian (CHF)Franc elveţian5.3158
Liră sterlină (GBP)Liră sterlină6.0002
Gram de aur (XAU)Gram de aur402.6698

convertor valutar

»=
?

mai multe cotaţii valutare

erfi.ro
Cotaţii Emitenţi BVB
Cotaţii fonduri mutuale
petreceriperfecte.ro
Studiul 'Imperiul Roman subjugă Împărăţia lui Dumnezeu'
The study 'The Roman Empire subjugates the Kingdom of God'
BURSA
BURSA
Împărăţia lui Dumnezeu pe Pământ
The Kingdom of God on Earth
Carte - Golden calf - the meaning of interest rate
Carte - The crisis solution terminus a quo
www.agerpres.ro
www.dreptonline.ro
www.hipo.ro

adb
PrevNext
LuMaMiJoViSaDu
      1
2345678
9101112131415
16171819202122
23242526272829
3031