BANK CONSULTANT FOR THREE THERMOLECTRIC POWER PLANTS CHOSEN
Credit Suisse First Boston - London has been chosen by the Privatisation Agency (PA) as a consultant in the deal for the privatisation of three thermoelectric power stations: Bobov Dol, Varna and Rousse. The bank will carry out a marketing research for the divestment of each of the companies and will assist to prepare and effect the deals. The contract for assigning the consultancy services should be signed within two weeks. The tender was invited on May 17. In addition to the winner offers were filed as well by ABN AMRO BANK - Amsterdam, Lazard Freres Banqe - Paris, Citigroup Global Markets Limited - London, and Dresdner Kleinwort Wasserstein Limited - London.The main requirement to participants in the tender was to be among the top 15 investment banks according to the rating of the international financial agency Thomson Financial Services. Moreover, they had to be leading consultants during the last five years in at lеast two privatisation deals (trade sale or merger and acquisition of companies) in the sphere of power industry.