Auction to intermediate Tarom shares to resume

The auction preparing the listing on the Bucharest Stock Exchange (BVB) of shares in Romania's Tarom national air carrier will be resumed because the only bidder was non-compliant, Transport Minister Anca Boagiu said Friday.'Given that we had only one bidder and the bid was non-compliant, we have cancelled the auction and rescheduled it so now the deadline is extended to December 2011,' said Boagiu.Only one consortium, made up of the brokerage division of Banca Carpatica ...

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