Moldova To Offer for Sale On Bourse Stakes in 50 Companies

The stakes will be offered for sale on the BVM between November 5 and November 7, APP said in a statement.

The list includes stakes in local EuroCreditBank, pharmacies, transportation companies, six canneries and five tobacco processing companies.

The government also will try to sell a 85.5% stake in its UNIC department store with a starting price of 402.2 million lei ($39 million/29 million euro).

Moldova received 155 million lei from the sale of state-owned assets last year, down from 167.6 million lei in 2006. It has said it hopes to raise 200 million lei from privatisation deals in 2008.

(1 euro=14.048 Moldovan lei)