Tobacco Giant Unattractive for Investors

Published: 13 November 2004 y., Saturday
The subsidiaries of state-owned Bulgartabac fail to attract investors' interest, Economy Minister Shuleva commented a day after five bids were submitted for the purchase of four of the twelve tobacco-processing plants. Buyers would have lined up to submit a bid if the plants were interesting, profitable and attractive, Shuleva told local Darik radio, stressing on the liabilities that the companies have accrued. As the receipt deadline expired on Friday, bids were submitted for the Parvomai BT, Smolyan BT, Topolovgrad BT and Harmanli BT plants by the following suitors Trakiya Tabac EOOD, Finance Consulting 2002 EAD, ET- Zaara Yancho Ivanov, Company Build Coomers OOD and AKB Fores AD. No bids were submitted for the Gotse Delchev BT, Pazardzhik BT and Kardzhali BT included in the first pool. Candidate buyers for this group were required to place a deposit or bank guarantee totalling BGN 100,000 for each company. The bidders declared no interest in Dulovo BT, Dupnitsa BT, Isperih BT, Sandanski BT and Yambol BT included in the second pool. The required deposit or bank guarantee for the companies in this group was set at BGN 30,000.
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

EU and Vietnam sign off on a deal that will boost air transport

An aviation agreement has been signed today by the European Union and the Vietnamese authorities which will remove nationality restrictions in the bilateral air services agreements between EU Member States and Vietnam. more »

The EIB celebrates its 30th year of activity in Cyprus with a EUR 180 million financing for urban environment

The European Investment Bank marked the 50th anniversary of the Republic of Cyprus and its 30 years of activity in the country with a public ceremony celebrating the signature of a total of EUR 180 million for urban environment. more »

Tighter rules on government deficits

In response to the financial crisis, the Commission has put forward legislative proposals to strengthen and expand existing tools for coordinating economic and fiscal policy in the EU. more »

SME Finance Forum: Ensuring access to credit and to finance to small businesses

In the first meeting of the SME Finance Forum, possible means to improve the current situation of access to finance were discussed, such as the introduction of a grace period for firms in difficulties, the involvement of credit mediators and improved loan guarantees. more »

The EU budget, a guide

The EU budget is no simple matter, but then no budget ever is. more »

Trichet: Parliament must play a central role in forging the new economic governance model

Parliament will be crucial in avoiding a “lowest common denominator” approach when helping to design the EU's new economic governance architecture, ECB president Jean-Claude Trichet told the Economic and Monetary Affairs Committee on Monday. more »

European Day of Languages 2010: Languages for business

With a multitude of language-related events taking place on or around 26 September, the main themes for this year's European Day of Languages are business and jobs. more »

Commission pays € 1.15 billion in Balance of Payments support to Romania

The EU disbursed today € 1.15 billion to Romania, the third instalment of a € 5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package. more »

European Investment Bank supports GBP 250m gas network expansion and upgrade in Scotland and southern England

The European Investment Bank has agreed to lend GBP250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks. more »

Fair food prices: new legislation needed, say MEPs

The bargaining positions of all players in the human food chain must be rebalanced, and fair competition enforced by law, to ensure fair returns to farmers and price transparency to consumers, says Parliament in a resolution voted on Tuesday. more »