Tender plans for partnership and expansion

Tender Group has submitted a letter of intent for buying Privatisation Authority’s (APAPS) stake in Solventul Timisoara. Tender has also placed a bid for Carom Onesti, and is interested in the privatisation of Uztel Ploiesti, too, according to APAPS. On the other hand, the US-based Halliburton and Tender will establish a joint-venture to provide services for the oil and natural gas drilling industry, along with Atlas GIP and Prospectiuni, the chairman of the group, Ovidiu Tender, was quoted as saying by Mediafax. Atlas GIP was formerly known as Carotaj and Perforare Ploiesti, the largest coring company in Romania. Prospectiuni specialises in geological and geophysical services for discovering hydrocarbons and mineral deposits and underground streams. Halliburton, an oil and energy industry service company was run by Dick Cheney, the current US Vice-President, between 1995-2000. Halliburton’s total revenues amounted to $12.5bn last year, slightly down from 2001. Tender Group also announced it would begin building a complex in Timisoara this fall. The complex is worth $70 million and will comprise 1,000 flats, a business centre and a hotel. ZF