“We have discussed with SIF Moldova, and probably the other SIFs will agree to, to make a swap of shares, namely to buy their shares in companies were we hold minority stakes and vice-versa. Thus, we both could optimize the portfolios. (…) This is a pilot project, next week we will talk with SIF Moldova,” AVAS president Adrian Volintiru told Mediafax.
AVAS also aims to sell its entire minority stakes, possible in 2013, Volintiru said.
AVAS has 641 firms in its portfolio and most of them are insolvent or undergoing liquidation (300) and dissolution (15).
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%).