“The sale was approved in principle in the General Shareholder’s Meeting, and even if negotiations are being carried out with several companies, discussions are at an initial stage,” said Ciorcila for Business Standard. Local real estate market specialists have indicated that the price of land in the Fabricii de Chibrituri Street area ranges from €300-400 per square meter, which means the land to be sold would be worth up to €44 mln. Tehnofrig sources indicated that the sale is strictly a business decision approved by shareholders, and not due to rumored difficulties on the local real estate market. Sources quoted told Business Standard that if a sale is finalized, the funds will be used for other investments, but that it is premature to discuss such a subject.
Tehnofrig to sell a piece of land valued at €44 mln
Publicat la 18.08.2008, 21:00:00
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