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EC concludes that Tractorul Brasov fetched the best price

Publicat la 08.04.2008, 12:32:00

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EC concludes that Tractorul Brasov fetched the best price
The EC carried out an investigation on the sale of the Tractorul platform, due to suspicion of state aid granted to the buyer, local Flavus Invest SRL company.

The transaction was concluded following an open tender awarded to Flavus Invest, which took over the assets of Tractorul for €77 million plus VAT in June 2007. Prior to the sale, the Brasov factory was part of the AVAS portfolio. The EC confirmed that no state aid was granted in this deal and that AVAS acted as a company on a market economy, the press release added. (NewsIn)

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