ANT seeks foreign investors

National Tourism Authority (ANT) counts on attracting powerful foreign investors for privatising six large tourism companies – Mamaia, Neptun-Olimp, Bucuresti Turism SA, Hercules Baile Herculane and Turism Felix Baile Felix, said Stela Rotaru, general manager of ANT’s Privatisation Department.

“We hope that these companies’ privatisation turns out to be successful and we are expecting serious investors, even foreign, if possible,” Rotaru said.

The six companies have together a share capital worth 577.8 billion lei. More than half this figure was registered by Neptun-Olimp and Mamaia, whose share capital amounts to about 200 million lei and 122 billion lei, respectively. Rotaru said that a triple value of the share capital is expected following the privatisation of these companies.

However, there are still several steps to be taken before privatisation is achieved. The Bucuresti Hotel, for instance, is waiting for the court to issue a sentence in the suit with the French company Pargest, while at Turism Felix majority shareholders SOF (State Ownership Fund) and SIF (Financial Investment Company) Transilvania have not yet reached an agreement as to company’s split.

On the other hand, Neptun-Olimp has already finalised division procedures. “The two companies created following this operation are to be registered in the Trade Register,” Rotaru specified.