AVAS extends privatisation offers deadline for IAR Ghimbav

The State Assets Resolution Authority (AVAS) has extended by a month the deadline through which offers can be submitted for the privatisation of aircraft builder IAR Ghimbav, until July 23, at the request of investors interested in the company. The stake on sale contains 12.2 million shares, which account for 64.89% of IAR Ghimbav’s share capital. As a result, the envelopes containing the participation documents will be unsealed on July 23, with the period of access to the “data room”, set up at IAR Ghimbav’s headquarters, being extended until July 22, the Authority has announced. The company will be privatised via negotiation on the final, improved and irrevocable offers, with the stake price to count 95% in the evaluation, while development investments will count 5%.