Tobacco Giant Unattractive for Investors

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.