MYO-O willing to buy Tractorul

MYO-O group, the main shareholder of agricultural equipment producer Semanatoarea, has voiced firm plans to re-enter the privatisation competition for Tractorul, after the Privatisation Authority (APAPS) said the company’s debts could be erased. “We are confident in our potential to meet all the targets we have set for ourselves and, as Tractorul debts are to be cancelled, we restate our firm intentions to participate in the privatisation of the Brasov-based company,” reads a MYO-O letter sent to APAPS. Privatisation minister Ovidiu Musetescu has recently said that Tractorul will be privatised with a special law, which will cancel all its debts. ZF