Companies / Romania
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Romania Prepares For Daewoo Privatisation
February 2007 | Privatisation AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Romanian government is planning to launch the sale of its 72.4% stake in Automobile Craiova, which owns the former Daewoo plant in Craiova.The stake will be offered in early March and the government hopes to complete the process by June. The government has said it has received four letters of intent from General Motors, Ford, India's Tata and China's Chery Automobile. Renault, in partnership with Nissan, has also been mooted as a possible owner for the Craiova