Банкеръ Weekly

Briefs

OFFERS FOR DZI TO BE FILED BY JULY 1

Purchase offers for the State Insurance Institute (DZI) will be accepted till July 1, the Privatisation Agency (PA) announced. After that PA's experts will have a month to choose the buyer of the state-run insurance company. As the BANKER weekly has already written, this should be done by August 1.On May 29 (Wednesday) the PA opened the second and last round of the procedure for DZI's sale. Candidate-buyers should deposit BGN2.5MN for participation in the last stage of the tender. The money is to be remitted to a PA account by June 5. During the second stage of the tender potential buyers will be able to conduct an overall financial study of the state insurer and submit their final bids. The rating will be based on the offered price and business programme. The latter will be assessed according to projected investments and number of personnel.

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