BCC INVITES NEW TENDER FOR BIOCHIM

Business | May 24, 2001, Thursday // 00:00

The state Bank Consolidation Company (BCC) will invite a new tender for the insolvent Biochim commercial bank. The deadline for the new privatization procedure will be announced by the end of this month. BCC rejected the only bid in the second privatization procedure, that of Regent Pacific Group. The state holding will invite to the tender large international financial institutions. BCC targets a price of up to $26 M, Peter Jotev, Vice Premier, Minister of Economy and Chair of the BCC, said.

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