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

Turkmenistan to stop gas supplies to Ukraine

Turkmenistan will stop supplying gas to Ukraine starting January 1, 2005. more »

Kazak Banker Accident Under Scrutiny

Suspicions are raised that Erjan Tatishev, alleged to have been the victim of tragic accident, was murdered more »

The 3,000-kilometre link

Kazakhstan to start building rail link between Southeast Asia and Europe more »

A Jurisdiction Case

Deutsche Bank Asks Houston Court to Dismiss Yukos Bankruptcy Case more »

BMW recalls 75,000 cars worldwide

BMW, the German maker of luxury cars, said on Tuesday it was recalling 75,000 of its 5 and 7 Series cars worldwide owing to potential problems with their seat heating systems more »

The Estonian business climate

Swedish firms have high opinion of Estonian business climate more »

A Criminal Proceedings

FISCAL POLICE IN KAZAKHSTAN LAUNCHES LEGAL ACTION AGAINST SOROS FOUNDATION more »

The Agreement

AT&T Wireless Finalizes Agreement for Sale of Eurotel Bratislava to Slovak Telecom more »

Yukos unit officially under Russia control

Russia's anti-trust body said yesterday it had approved to state oil firm Rosneft's purchase of the obscure buyer of the key production unit of beleaguered Yukos oil company more »

IMF Provides More Funds to Azerbaijan

The International Monetary Fund Thursday approved lending $19.7 million to Azerbaijan as the country continues to restructure its economy more »