Landini to feed $40m into Tractorul

Italy-based Landini, which is now negotiating the acquisition of the controlling interests in Tractorul Brasov with the Privatisation Authority (APAPS), presented the latter an investment programme worth $40 million aimed at retooling the plant. “The second leading tractor maker in Europe came up with a project: $40 million investments. It surely wants to take over a debt-free Tractorul, because no one comes to buy debts,” Privatisation minister Ovidiu Musetescu said. He added the decision to privatise the company by selling it to an investor not bound to pay its debts was a political one. ZF