Bucharest to sell Aerostar stake

2000-03-07T00:00:00

The Romanian Government is selling its 70% stake in national aerospace company Aerostar to a private consortium, Aerostar-PAS-IAROM, for Leu 60 billion ($3.2 million). The value of the purchase could increase to Leu 100 billion over the three years it will take to complete, allowing for inflation.

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