Czechs buy Avioane Craiova for 16 million euros - Azi

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Czech AERO Vodochody, held by private equity fund Penta Investments, will take over the majority interest in aircraft manufacturer Avioane Craiova, after the State Assets Resolution Authority (AVAS) deemed its financial bid worth 16.3 million euros as the best.

"The privatisation committee will soon negotiate with the winning bidder the clauses of the sale-purchase contract for 80.9% of Avioane Craiova"s share capital," AVAS announced yesterday. Avioane Craiova is the only manufacturer of...

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