Bulgaria's financial group DZI has sold a 35% stake in two of its main companies to major foreign investors
Published:
14 March 2005 y., Monday
Bulgaria's financial group DZI has sold a 35% stake in two of its main companies to major foreign investors - a 10% stake in DZI and a 25% stake in DZI Bank.
London-based Creditanstalt Investment Bank International Markets managed the sale, Emil Kyulev, CEO of DZI, said, adding that this is a leading investment bank in Central and Eastern Europe.
Later in the day HVB Bank Biochim, the Bulgarian unit of Bank Austria-Creditanstalt (BACA), said they assisted the deal.
HVB Bank Biochim says British investors acquired 23% of the assets, German investors - 19%, and Austrians - 19%.
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