The agency has set a deadline of November 25 for bids, with the auction set to take place on November 26. Vinalcool’s other principal shareholder is the Romanian financial investment company, SIF Oltenia, which holds a 21.14% stake in the company.
ROMANIA: Vinalcool put up for sale
The Romanian privatisation authority, APAPS, is to sell off a 75.3% stake in the state-controlled spirits producer, Vinalcool, located in Giurgiu in southern Romania.