Банкеръ Weekly

Briefs

DEALS

The company with Swiss capital Effecten und Finantz-Bulgaria EAD has been picked up to purchase 57% of the Plovdiv-based cosmetics manufacturer Alen Mak AD. The buyer will pay USD5,555,500MN in cash. The winner in the tender got the maximum possible number of points - 100. Its bid was the best according to all the three criteria - offered purchase price, term for payment, and experience in the enterprise's core activity. The company is represenetd in Bulgaria by Petar Terziev, former head of Balkanpharma Holding. The contract, to be signed by mid-January, is liable to approval by the Supervisory Board of the Privatisation Agency (PA).The PA has closed a contract for the sale of 80% of the Choukourovo mine with a consortium between LM Impex EOOD, Elshitsa 99 AD, and Videx EOOD. The buyers have already paid 10% of the price of BGL11.1MN in cash, and the balance is payable in compensation instruments by December 20. The consortium has also undertaken to invest BGL2.1MN by end-2006 and retain the number of employees - 611 people. Intercom EOOD is the new owner of 80% of the capital in the waggons manufacturer Vagonen Zavod - Dryanovo OOD. By the year-end the company will pay off the entire negotiated price of BGL3.3MN. Twenty per cent of the sum is payable in compensation instruments. Intercom will invest BGL2MN in the enterprise and will increase the personnel from 322 to 400 people. The Razgrad-based company New Energy Resources AD has been chosen to buy a 78% stake in the Sofia-based Energy Project EAD. The deal is worth BGL3.48MN. The entire purchase price is payable in cash. The contract is liable to approval by PA's Supervisory Board. Energy Project carries our researches, geological explorations, and is also engaged in engineering and commercial activities in Bulgaria and abroad.

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