Romania to sell drugmaker through open bidding

Newswire

BUCHAREST, Nov 19 (Reuters) - Romania's centrist government approved a plan on Monday to sell the country's last-remaining state-owned drug maker Antibiotice Iasi through open bidding. The government had previously planned to sell its 53 percent stake in the firm to a strategic investor through a process that involved binding bids and was based on negotiations with short-listed bidders. "Privatisation agency AVAS will launch the sale process of these shares, based on a new strategy that ...

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