The starting point will be 75% of the initially set market value, meaning around EUR138 million, compared to some EUR184 million at the previous tenders. In other words, the sale threshold now goes down by around EUR46 million.
In September, Constanta Tribunal approved the accelerated sale of the shipyard, so that the starting price will gradually go down to 75% and 50%.
(English version by Catalina Apostoiu)