Moldomobila plot awaits December 14 offers after two bid delays

Newsroom 20/11/2007 | 16:46

Ten foreign companies showed their interest in the platform and the transaction is most likely to end at the beginning of next year, says Adrian Butuca, director of Moldomobila.
The sale announcement comes several other industrial platforms around the country were put up for sale. The most notable announcement involved the Aro Brasov assets, which were sold to foreign investors. They were rumoured to be interested in the platform for its real estate value.
Butuca is looking to use some of the money the company will get from selling the platform to buy a smaller plot, around three hectares, to relocate the factory's activity. The 13.3-hectare platform will either be sold in one piece or in three smaller pieces, as decided by the owner. Potential buyers may choose between lots of 3.1, 5.2 and 4.9 hectares, with costs starting with EUR 9.3 million, EUR 15.6 and EUR 4.7 million respectively. The relocation term depends on the plots sold of the platform.
The platform comes along with several debts which will be covered by the first down payments paid by future buyers, said Eurisko representatives.
Moldomobila platform is located in the south area of Iasi, in Bucium, and has the recently-opened Carrefour in its vicinity. Moldomobila's shareholders are Arhiprint, with 10.5 percent, Elvimex, with 7.46 percent, Unita, some other 6,01 percent, company's president Adrian Butuca, with 5.87 percent, CDTrade, with 1.86 percent, while the rest goes to individuals having received coupons in the privatization. Moldomobila was privatized in 1998.

Corina Saceanu

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