▁when ▁A dev ăr ul ▁was ▁caught ▁up ▁in ▁the ▁first ▁wave ▁of ▁priv at ization , ▁following ▁a ▁decision ▁of ▁the ▁F SN ' s ▁Pet re ▁Roman ▁cabinet . ▁A ▁conflict ▁reported ly ▁opposed ▁Nov ă cean u ▁to ▁Pop es cu : ▁the ▁latter ▁sus pected ▁a ▁secret ▁understanding ▁between ▁Roman ▁and ▁the ▁A dev ăr ul ▁leadership , ▁providing ▁for ▁a ▁fac ade ▁priv at ization ▁and ▁transfer ring ▁financial ▁control ▁to ▁F SN ▁polit icians . ▁This ▁controvers y ▁ended ▁only ▁when ▁Premier ▁Roman ▁appointed ▁Nov ă cean u ▁as ▁Roman ian ▁Amb assador ▁to ▁Spain . ▁The ▁Sc în te ia ▁pat rim ony ▁was ▁after ward ▁divided ▁between ▁A dev ăr ul ▁and ▁the ▁state . ▁In ▁parallel , ▁seeking ▁to ▁cons olid ate ▁their ▁publications ' ▁independence , ▁the ▁writing ▁staff ▁set ▁up ▁a ▁joint ▁stock ▁company , ▁A dev ăr ul ▁Hold ing . ▁Kn own ▁initially ▁as ▁SC ▁A dev ăr ul ▁SA , ▁it ▁had ▁its ▁initial ▁public ▁offering ▁distributed ▁through ▁the ▁" ME BO ▁method " ▁of ▁employee ▁buy outs . ▁As ▁a ▁result , ▁the ▁journal ists ▁owned ▁ 6 0 % ▁and ▁other ▁employees ▁the ▁other ▁ 4 0 %, ▁with ▁a ▁clause ▁forb idd ing ▁them ▁from ▁s elling ▁to ▁outside ▁invest ors ▁( in ▁effect ▁until ▁ 2 0 0 2 ). ▁Sub sequ ent ▁trad ing ▁within ▁the ▁holding ▁and ▁season ed ▁equ ity ▁offer ings ▁provided ▁the ▁editor ial ▁staff ▁with ▁a ▁cont rolling ▁stock