OREANDA-NEWS. On March 04, 2008 during the first day of the auction for the sale of shares of public property, which started at the Stock Exchange of Moldova, shareholdings of 13 joint stock companies for total amount of 59,7 million leis, were sold.

As it was informed at the Stock Exchange of Moldova, it is twice as much than their initial price. As the result, owners acquired 12 shareholdings exceeding 60% of the charter capital. 7 issuers were sold at their initial price.

The main demand was registered for shareholdings of 6 joint-stock companies. The final price of several shareholdings exceeded the initial one 4-5 times. The largest amount - 31.08 million leis – was proposed for 66370% of shares of industrial-commercial company TEBAS. The shares of the company were offered at the initial price of 15 leis per share and sold for 44 leis per share.

More than 6 million leis were received from the sale of 93130 % of shares of SC "Piese Agro-Prim" for the initial price of 20 leis. Over 5,93 million leis were generated from sale of 91220% of shares of the sanitary works SC "LALEA-5" at the price of 275 leis per share, offered at the initial price of 50 leis per share.

The shares of the following companies were sod as well: 73430% of SC " Cuanta "at the price of 50 leis per share for total amount of 3,42 million leis, 86010% of shares of SC" Constructii rutiere Cahul" at the price of 20 leis per share for total amount of 3,35 million leis, 36150% of shares of SC Restaurant " DOINA "at the price of 100 leis per share for 2,97 million leis, 90510% of shares of SC" Universul Sud "at the price of 45 leis per share for 2,81 million leis, as well as stakes in several other companies.

Overall, shareholdings in 53 joint stock companies from different sectors of economy were offered. The auction represents sale of shares by uniform lots through the vocal auction. The auction is interesting for the fact that 38 issuers own stakes ranging from 25% up to 100% in the charter capital and investors acquire large or controlling shareholdings and in some cases 100% of joint stock companies.

The auction will last till March 17, 2008 inclusive. The auction will start daily at 10.00 am. All auctions at the Stock Exchange of Moldova are carried out only through broker and dealer companies.