Talks with Brazil Bidder for Bulgaria's Steel-maker Kremikovtzi Due

Business | February 5, 2009, Thursday // 00:00
Bulgaria Talks with Brazil Bidder for Bulgaria??™s Steel-maker Kremikovtzi  Due: Talks with Brazil Bidder for Bulgaria's Steel-maker Kremikovtzi  Due The talks with Brazil's CSN and UKraine's Smart Group, who are bidding for Kremikovzti, are eagerly expected by the workers who have not been paid since October 2008. Photo by BGNES

Negotiations between Bulgaria's Ministry of Energy and Economy and the Brazilian steel giant CSN over the purchase of the ailing plant Kremikovtzi are finally expected to take place Thursday.

Representatives of the Economy Ministry have confirmed before the Darik Radio that a CSN delegation had arrived to Bulgaria on Wednesday but had asked for postponing the talks for Thursday.

The Brazilian bidders for Kremikovtzi have been expected in Sofia since last week. The other main bidder for investing in Bulgaria's largest steel-maker is the Ukrainian company Smart Group.

The offers of both potential investors are eagerly expected by trade unions as the picking of one of them is supposed to bring fresh raw materials and manufacturing in the factory as Kremikovtzi's workers have not been paid since October.

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