Moldova gives investors more time for €6.2M state asset bids
Moldova's Public Property Agency (APP) has extended the application deadline for the privatization of four major state-owned enterprises from August 19 to October 19. The auctions will now take place on October 20.
Government officials delayed the process following a recommendation by Prime Minister Vasile Tofan. The decision aims to give potential buyers sufficient time for asset evaluation and due diligence during the summer recess.
Prime real estate in central Chișinău
The cornerstone of the auction list is the Zarea Hotel in central Chișinău, listed at a starting price of €5.41 million (approx. 106 million MDL).
The portfolio also includes the "Izomer" experimental chemical enterprise, offering real estate assets suited for re-development, with a starting price of €485,000. Additionally, the state is offering two publishing houses: "Știința" for €321,000 and "Lumina" for €27,000.
Growing investor interest
As of August 14, 13 potential investors had expressed interest in the four assets. Five investors inquired about "Izomer," four about the Zarea Hotel, and two each for the publishing companies.
Officials emphasize that the deadline extension will foster a more transparent, competitive bidding process to ensure optimal value for public assets.
Translation by Iurie Tataru
