Business | June 3, 2002, Monday // 00:00

The public auction for the sale of a 100% of the capital of Pharmachim Holding and nearly 46% of the capital of the Chemical Pharmaceutical Research Institute is to be held today at the Privatisation Agency. The two companies are sold in a package. The start price in the open bidding is set at nearly BGN 5 M, with increments of BGN 100,000. The deposit for participation is 400,000. The whole price will be paid off cash. The state –owned Pharmachim was established on July 1, 1965. In 1987, Pharmachim was reorganized and de-monopolized. The pharmaceutical import/export and other foreign trade activities were entrusted to Pharmachim, which in 1989 was registered as a holding company. In May 1996, Pharmachim Joint-Stock Company was transformed into Pharmachim Holding. Pharmachim holding offers a wide spectrum of micro biological products: classical and new antibiotics, analgesics, antipyretics, gastrointestinal, cardiovascular, psychotropic and other substances for export.

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