Thursday, 05 July 2007

Ford submits sole bid for Romania's Daewoo Craiova

(Reuters) - Romania wants to sell a 72.4 percent stake in Daewoo Automobile Craiova. Earlier this year, Romania said it had received letters of intent from General Motors Corp. and Russian Machines, as well as Ford.




The government has previously wanted to sell 95 percent of Daewoo, by adding a 22 percent stake owned by investment company SIF Oltenia to the tender, but AVAS told Reuters the company has withdrawn from the sale.


Read more at Reuters.com Business News

No comments: