OREANDA-NEWS. April 13, 2011. This was announced by the Agency for Public Property with the Ministry of Economy. It put up the state’s shares in 36 joint stock companies for sale. Since most of these securities have been put up for the auctions already many times, their initial price was cut. Particularly, the state’s shares in a number of enterprises of the wine-, tobacco-, sugar-, dairy-, canning industries, Eurocreditbank, Jolly Alon hotel, Glass Contaiter Company, Cereale-Cahul, Artmet, Raut, Apromas, Mioara JSC are on sale.

It should be noted that shares of four joint stock companies in the total amount of 15.98 million leis (USD1.35 million) were sold during the first in 2011 auction for selling public shares. The biggest amount – 6.69 million leis – was earned from selling 88.026% of the Incorgaz (gas network construction) shareholding.

The 92.5% shareholding of the Nordtutun tobacco factory (Cupcini, region of Edinet) was sold for 4.37 million leis. 4.8 million leis more were earned from selling 31.9% of the shareholding of the Chisinau Monttehsan JSC. 13.848% of the state’s shares in the Moldovan-Luxembourg joint ventre producing oil Volatil-West Company were sold for 100 thousand leis. The state’s shares in 33 joint stock companies were put up for the auction. This year, Moldova plans to earn from privatization 280 million leis.