U.S. car producer Ford acquired at the end of last week 0.88 percent in local company Automobile Craiova it controls, after another 22.56 percent stake purchased from minority shareholders, according to the Bucharest Stock Exchange (BSE) webpage, NewsIn informs.
The two stakes in Automobile Craiova were dealt on the Rasdaq over-the-counter market at 17.50 lei per share.
Financial company SIF Oltenia (SIF5) sold on April 9 its 22.56 percent stake in Automobile Craiova for 75.25 million lei.
Shares of Automobile Craiova are traded on the Rasdaq over-the-counter market, the XMBS section, under the symbol AUCS.
Romania's government recently approved a memorandum by which it will give the American car maker Ford the biggest guarantee of the last 20 years, of 320 million euros, to keep up the investments in the Craiova plant, the economy minister Adriean Videanu said two weeks ago.
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