“The plan has been approved at the last minute. We’ve sent the document to Galati Tribunal and we expect it to approve the plan today-tomorrow. The sales regulation and specifications will be ready by Monday. We are organizing the international tender on March 12,” Remus Borza, the chairman of Euro Insol, the preventive composition administrator, together with CITR.
Next comes international promotion to embassies, investment funds, the international and local mass-media, with the international tender to be organized in March. The sale price will stand at EUR690 million.
(English version by Catalina Apostoiu)