[Intl-tobacco] Supreme Court Annuls Privatization Of Romanian Tobacco Company

[Robert Weissman]

SOUTHEASTERN EUROPE: Supreme Court Annuls Privatization Of Romanian
Tobacco
Company

by
ROMANIA;
Source: Radio Free Europe, Wednesday, 10/25/00

The Romanian Supreme Court on 24 October annulled the privatization of
the
Romanian Tobacco company, Romanian media reported. An Agriculture
Ministry
decision last May awarded the company to Interagro, but a loser in the
tender,
Leaf Tobacco A Michailidis, appealed that decision, claiming procedural
irregularities. The ministry will now have to restart the privatization
process
of the company, which has a 42 percent market share in Romania. ZsM