Jump to content
Sign in to follow this  
Oracle of Delphi

Ford, GM, Russian firm bid for Romanian Daewoo

Recommended Posts

Romania received three non-binding offers in the sale of a majority stake in carmaker Daewoo Automobile Craiova, the privatisation commission said on Thursday.

The new European Union member's centrist government had previously said it hopes to wrap up the sale of 72.4 percent in Daewoo by the summer, after it bought back the majority stake in the company from its bankrupt owner late in 2006.

Link: http://www.reuters.com/article/tnBasicIndu...269681920070426

Edited by Pontiac Custom-S

Share this post

Link to post
Share on other sites

Craiova is the company which owns Daewoo Romania. It is not exactly the same company. The Russian company is JSC Russian Machines (ОАО "Russkie Mashiniy"), the subsidiary of private equity firm Basic Element which owns the various machinery-manufacturing investments, including automotive holding company GAZ Group (automobiles, trucks, buses, commercial vehicles, construction equipment engines etc.), aircraft company Aviacor Aviation, and railcar and container producer Abakanwagonmash.

Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Who's Online   0 Members, 0 Anonymous, 21 Guests (See full list)

    There are no registered users currently online

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets



Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.