Bulgarian Stock Exchange Becomes Public Company
The General Shareholders Assembly of the Bulgarian Stock Exchange (BSE) will vote in September to turn it to a public company, the BSE Chair of the Board of Directors, Asen Yagodin, informs.
In addition, the State will increase its capital in BSE – from the current 44% to 50% plus one share, according to Yagodin, who adds the move is undertaken in order to give the Finance Ministry the opportunity to seek a strategic investor.
BSE is not going to distribute any dividends for 2009 over the negative financial results.
Meanwhile, Finance Minister, Simeon Djankov, distributed an official statement of approval and support of the decision to turn BSE into a public company, saying the move is the key to making the Exchange transparent, increase interest towards the capital market and reinstate the trust in the latter.