News:Argos:Romania Aviation Firm Eyed by Buyers

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Franco-German concern Eurocopter is still interested in buying Romanian helicopter and light-plane manufacturer IAR Ghimbav, according to the President of the local council.

Aristotel Cancescu, president of Brasov county council, where the town of Ghimbav lies, put the offer price at 11 million euros for a 64.89-per cent stake.

IAR Ghimbav was put up for privatisation at the end of 2006, and Eurocopter was the only company which submitted a bid. However, negotiations broke down in 2007 after delays in the privatisation process.

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