Aversa’s majority stockholder is AVAS, with a 66.2% stake.
The debts management transfer targets a common economic outlook of all factory’s debtors. This will trigger better decisions for the factory’s operations, will lead AVAS to attract investors in the business line and prevent the collective layoff of the 400 employees, according to the legislative act.
In 2006, Aversa was declared insolvent. AVAS was registered with 4.2 million lei (EUR930,000) receivables, ANAF’s Bucharest unit had receivables of RON173 million and RON41 million, while other state-owned companies had receivables similar to those of AVAS. (EUR1=RON4.5168)