Tender for C Market extended until October 29th

The deadline to submit bids for a 16.26 percent stake in C Market has been extended until October 29th, the Privatization Agency announced Monday.

The tender for the remaining state-owned stake in C Market was launched on 10 August 2012. The initial deadline to submit bids was September 3rd, and it has already been extended three times.

Belgium's Delhaize did not acquire the state-owned stake of 23.23 percent when taking over C Market. Given that 30 percent of that stake in C Market belong to minor shareholders by law, the state is selling 16.26 percent of the company that is now majority owned by Delhaize.

The minimum price for the state-owned 23-percent stake in C Market is set at EUR 295.4 per share, that is, EUR 9.57 million for the whole stake.