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Friday, December 03, 2004

AVAS takes over French Club

The Authority for State Assets Recovery (AVAS) transferred to the Autonomous Department for the Administration of the State Ownership (RAPAPS) the theme club based in the French Village in Bucharest.

The government approved the ownership transfer of the French Club, which covers 1,500 square meters and is estimated to be worth 2.3 million euros.

French Club is in the heart of French Village, situated on North Avenue (Soseaua Nordului).

The French Village complex includes 69 houses.
Shareholders of the World Trade Center, controlling the main stake in the French Village agreed earlier this year to pass ownership to AVAS, which took over the company's debts.

Posted by Iulia Rasoiu : 12/03/2004 04:27:00 pm