Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria Hopes to Sell 50.5% in Bourse by End-2012
BULGARIA HOPES TO SELL 50.5% IN BOURSE BY END-2012
Date: 22/06/2012
Source: novinite.com
Bulgaria Hopes to Sell 50.5% in Bourse by End-2012

Bulgaria hopes to find an investor for its only stock exchange by the end of this year after failing to do so by the beginning of the summer as initially planned.

"In terms of timeline, the plan is to sell by the end of the year. Everything looks on track," BSE Chief Executive Ivan Takev told Dow Jones Newswires on the sidelines of the Federation of European Securities Exchanges conference in Istanbul.

For sale is the government's stakes of just above 50% in the Bulgarian bourse and in the Central Depository, which clears and settles trades and also acts as a register of securities.

"Some paperwork is being done by the privatization agency and it will soon formally start the selection of a consultant which will execute the sales process," Takev said.

"We have spoken to many exchanges and they seem to be quite interested, but that doesn't necessarily mean they're potential acquirers," he said.

Takev said the bourse is worth about EUR 10 million, which means a sale of the stake would be worth around EUR 5 million. However, the depository is not a listed firm, so its valuation and sale price would have to be calculated by the consultants in charge of selling the assets.

At the end of last year insiders told local media that the government's hopes to sell the majority stake in the bourse by the end of 2011 have gone sour as no bidders have declared interest so far.

Shortly after the Bulgarian Stock Exchange launched the sale of its shares in January 2011, Finance Minister Simeon Djankov announced that there is a "huge" interest among investors. CEE Stock Exchange Group however was the only one to openly declare its interest, but no detailed talks have been held so far.


Topic: Economy



Featured District
PLOVDIV DISTRICT AND CITY INFORMATIONPlovdiv
Invest Bulgaria Charts
Exchange Rate Lev Against the US Dollar
Exchange Rate Lev Against the US Dollar

FDI as Percent of GDP in Bulgaria
FDI as Percent of GDP in Bulgaria

See all charts
Did You Know?
Bulgarian roses
Bulgarian roses
The Bulgarian roses, used to make some of the finest perfumes in the world, can not be found ... More

Borovets is a very popular ski resort in Bulgarian with many deluxe hotels and high-end restaurants. Borovets has been hosting Alpine Skiing World Cup competitions and is one of Bulgaria's most spectacular winter landscapes and well-recognized tourist destination in Europe.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works, creators of Uudet Nettikasinot 2019, 最新カジノ and Svenska Casinon. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members