November Meeting to Elect New Bulgartabac Board

Source from:  Tobacco Reporter 10/08/2011

Bulgartabac will elect its new management board at a general shareholders' meeting on November 1, according to a Dnevnik Daily story quoting a Trade Registry notification. Bulgartabac's former head, Angel Dimitrov, and Aleksander Romanov, a manager at VTB Capital, will be up for election to the board of directors, according to the notification. The Competition Protection Commission recently approved the sale of the government's 79.8 per cent stake in Bulgartabac to BT Invest, which is owned by Russia's second-largest bank, VTB. VTB, won the tender to buy Bulgartabac when, as the only bidder, it offered €100,000 above the minimum price of €100 million. The deal is still pending completion. Enditem