Israeli Billionaire Eyes Refinery in Bulgaria - Report
Business | October 17, 2007, Wednesday
Russia-born Israeli billionaire Arcadi Gaydamak is planning the acquisition of a biodiesel production refinery in Bulgaria, according to reports. Photo by www.somethingisraeli.com
Russia-born Israeli billionaire Arcadi Gaydamak is holding talks for the acquisition of a biodiesel production refinery in Bulgaria, which is being constructed through his Tel Aviv-listed company Petro Group, the online edition of Israeli Haaretz reported.
Recent talks that Petro Group held to buy 110 gas stations with convenience stores in the United States in a USD 60 M deal fell through, the report said.
The Bulgarian deal would be smaller in scope. The initial investment of the Israeli businessman set close to EUR 15 M.
Recent talks that Petro Group held to buy 110 gas stations with convenience stores in the United States in a USD 60 M deal fell through, the report said.
The Bulgarian deal would be smaller in scope. The initial investment of the Israeli businessman set close to EUR 15 M.
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