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Bulgartabac Holding currently owns the two larger and more consolidated factories in Sofia and Blagoevgrad as well as a number of commercial brands. Photo by Sofia Photo Agency
Three top-notch investors have purchased public procurement documents for the bid to privatize Bulgaria's cigarette maker Bulgartabac.
The news was reported by the Bulgarian daily Trud (Labor), cited by Dnes.bg.
The deadline to purchase the documents was Thursday, 5:30 pm.
The three are said to be the second largest in the world cigarette maker British-American Tobacco, Japan Tobacco International and Korean Tobacco Group.
The Japanese and Korean businesses are planning to launch their own production in the European Union to avoid high import duty on their cigarettes.
In the latest bid, the buyer must purchase all cigarette factories of the Holding – the functioning and the long-ago closed ones.
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