IMF Concludes Regular Mission in Bulgaria, Recommends Restoring VAT to Pre-Pandemic Levels
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Alegro Capital, a London-based corporate finance advisory firm, has acquired Bulgarian television TV7 for an undisclosed sum, it was announced on Tuesday.
Two years ago Alegro Capital advised Tengelmann Group in selling Plus Eastern Europe GmbH subsidiaries in Bulgaria and Romania to the international Lidl group.
The Bulgarian acquisition, which also includes BBT and Super7 TV channels, is the fund's first deal in Southeastern Europe, Patrick Martin, Managing Director and Head of Media, Internet and Entertainment practice at Alegro Capital, said at a press conference in Sofia on Tuesday.
Alegro Capital has developed significant expertise in the Telecoms, Media and Technology (TMT), Retail, Industrial and Consumer (RIC) and Renewable/Clean Tech sectors and has in its record corporate financial transactions worth USD 50 B in fifteen countries in Europe, US and Asia.
Speaking to local journalists on Tuesday Patrick Martin stressed that the market has been under pressure until recently, but it is starting to recede, which explains the timing of the deal.
TV7 was founded by Lyubomir Pavlov and Krassimir Gergov, using the license of TV channel Seven Days. After Pavlov and Gergov split, the media was led by Pavlov's wife Dilyana Grozdanova, former anchor at the state TV channel and member of parliament.
In 2009 TV7 was acquired by offshore company Crown Media in a deal advised by Tsvetan Vassilev, majority owner and Chairman of the Supervisory Board of Corporate Commercial Bank.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
LinkedIn, the go-to platform for job seekers worldwide, is considering incorporating gaming elements into its services. In a move aimed at enhancing user engagement
Today, just before 8 a.m., the mortal remains of Bulgarian Patriarch Neophyte were laid out for veneration at Patriarchal Cathedral "St. Alexander Nevsky"
Are you looking for inspiration for your next travels? Or perhaps a journey to the most interesting places you see in your favourite movies?
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion