Sale of Bulgarian Heating Utility "Legal"

Published: 18 September 2004 y., Saturday
The Domestic Diplomatic Properties Agency defended Friday the legal sale of a local heating utility after its halted operations left people in a Sofia suburban area without hot water. ADIS real estate agency, seller of the Ovcha Kupel utility, claimed that the new owner Tehem Services, a local power accountancy company, is responsible for the state of operation of the utility. "The buyer, Tehem Services, offered the highest price for the utility, whose sale observed all legal regulations. The buyer is the legal owner of the utility and bears the responsibility for its halted operations," Deyan Kavrakov, CEO of ADIS Ltd. told journalists. The station's normal work was halted, as the buyer refused to acquire the purchased assets, citing accounting reasons. ADIS real estate agency underlined that it has repeatedly invited the buyer to get the assets and has offered access to all necessary information.
Šaltinis: novinite.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Bush hawk gets World Bank job

President Bush named Deputy Defense Secretary Paul Wolfowitz to head the World Bank yesterday more »

What's in a name?

BZ WBK and Kredyt Bank will most probably change their names later this year more »

OTP eyeing purchase of Turkish bank

Speaking in Zagreb last Thursday, OTP Bank Rt President-CEO Sándor Csányi confirmed rumors that Hungary’s leading commercial bank is considering the acquisition of an as yet unspecified bank in Turkey more »

US extends technical assistance program for Azeri banks

The governments of the United States and Azerbaijan formally signed a work-plan defining the mission of the Banking Supervision Project on Thursday, at the National Bank of Azerbaijan more »

Azeri oil price hits record high

The price on Azerbaijan’s oil has reached a record high of $54.48 a barrel in history more »

Online Bankers Get More Satisfaction

Those who pay bills online are happier with their bank and its security, report says more »

Romania pins hopes on new currency

Knocking off four zeros from its bank notes, Romania's new leu will not spark inflation and will lead to the currency becoming convertible in the next two years more »

Greek National Bank Eyes Balkan Expansion

The National Bank of Greece, a leading institution in the country, scans possibilities for an aggressive extension of its activities on the Balkans, namely in Bulgaria and Romania more »

Foreign Majors Buy 35% in Bulgaria's DZI Financial Group

Bulgaria's financial group DZI has sold a 35% stake in two of its main companies to major foreign investors more »

Yukos Trading Arm Faces Antimonopoly Charges

The prosecutor’s office in the Siberian city of Krasnoyarsk has instigated criminal proceedings against Yukos trading arm Yukos-M more »