Copos wants Electronica's production business

The ANA Group held by businessman George Copos is looking to buy the controlling interests in Romanian TV sets and video equipment maker Electronica. ANA Group and Ana Electronic, one of the companies in this group, submitted a bid for buying the 995,797 shares accounting for 50.57% of in the share capital held by State in Electronica SA Bucharest. Two more bids had been received by the end of last week, when the deadline expired. They came from PC BOARDS SA along with Carpat Cargo SA Bucharest and Flash Enterprises SRL Bucharest along with Electronica Bucharest’s Employee Association and Rimco LLC (US). The Ana Group through Ana Electronic bought Electronica’s service arm in 2000. Ana Electronic has, after all, assembled TV sets for Samsung, Akai or Sonic at some point in time. Its best year was 1996, when it assembled 100,000 TV sets. Electronica is part of the PSAL I programme and has 49,221,950,000 ROL in share capital. Its 40-year experience has helped it spawn a number of joint ventures established with Romanian or foreign partners after 1989. The joint ventures include Eko Electronics (Electronica-Kokusai Koeki Co. Ltd.) or Eltek Engineering (Electronica – UK’s Novar Group). ZF