Austria's consortium Tobacco Holding GmbH, one of the failed also-rans for Bulgaria's tobacco monopoly Bulgartabac Holding, insisted that the Privatisation Agency (PA) comply with the ruling of the Supreme Administrative Court five-member panel, which confirmed the decision of the three-member panel on the lawsuit against the choice of buyer for an 80% stake in state-owned Bulgartabac. Bulgaria's highest administrative court upheld the cancellation of a deal to sell Bulgartabac to a consortium backed by Germany's Deutsche Bank. According to the Austrian bidder the court has issued instructions binding PA to ask for bids improvements and disqualify from the sell-off Tobacco Capital Partners' tie-in with Deutsche Bank-owned Clar Innis for breaches of the Privatisation Act. Should PA fail to abide by the court ruling Tobacco Holding will approach the Prosecutor's Office. We are not afraid of our rivals, but we want to take part in an honest competition, Tobacco Holding Executive Director said.

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