A New Chapter Opens in Bulgartabac Sell-Off Saga

Source from:  Tobacco Reporter 02/15/2011

About a dozen strategic and financial investors have declared an interest in taking part in the privatization of Bulgartabac Holding, according to a Novinite story quoting the Finance Minister, Traicho Traikov. Rumors reported in the Bulgarian media have said that the bidders seeking to purchase Bulgartabac include companies from Bulgaria, Greece, and South Korea. Traikov has said that the government will soon announce its decision on the privatization method - tender, auction, or sale through the Sofia Stock Exchange. The Finance Ministry has said that it wants to find a buyer for Bulgartabac by the summer, but the state-owned company has been here many times before in this on/off project that has dragged on for years. Enditem