“It involves the minority positions in the 336 companies where ASAR holds stakes. In 2007, these holdings returned an aggregated amount of 571,000 lei in the form of dividends. It is expensive for ASAR to continue managing these holdings”, said the chairman of ASAR, Mircea Ursache.

He added that the investment company will be an atypical close-end investment fund and will have as main objective the valuation rather than management of ASAR’s minority holdings, following that, after the sell-off, the investment company to shut down activity.