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Sep 23, 2009 18:21 EEST
September 23 (SeeNews) - Romania launched on Wednesday an open bid tender to sell its 69.98% stake in tools maker Scudas Pascani, setting a starting price of 10.3 million lei ($3.6 million/2.4 million euro).
The call price was set at 21.71 lei per share, while the face value is 8.86 lei per share, the Romanian government's asset-selling agency, AVAS, said in a statement.
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Scudas Pascani has a share capital of six million lei. The company was sold in 2000 to the Romanian company UNIF A.T but it returned to state hands in 2007.
(1 euro = 4.2369 Romanian lei)
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