AVAS holds majority stakes in about 140 firms, most of them being insolvent or undergoing liquidation, the privatization authority told Mediafax.
The largest companies considering their share capital, where AVAS holds minority stakes, include Roman Brasov (2.92%), Petrotel Lukoil Ploiesti (0.006%), Mechel Campia Turzii (1.02%), Kastamonu Romania Reghin (0.19%), Mechel Targoviste (4.04%), Zaharul Oradea (0.008%), Astra Vagoane Arad (1.36%), Chimcomplex Borzesti (12.89%), Biofarm (1.04%) and Laminorul Braila (0.27%).
AVAS has been recently transferred under the authority of the Economy Ministry. In November 2012, Prime Minister Victor Ponta appointed Adrian Volintiru as AVAS president to replace Marius Obreja.