Final Bids for DSK Bank Fixed for April 10th

Business | March 24, 2003, Monday // 00:00

The Bank Consolidation Company, the body in charge of the banks privatisation in Bulgaria, has provided to the three bidding banks the report on the financial state of Bulgaria's last-state owned bank DSK Bank, prepared by auditor KPMG.

Austria's Erste Bank, Hungary's OTP Bank and Greece's Pireos Bank are the three banks that bid for DSK Bank.

Starting from Monday, March 24, the three bidders have three days for additional due diligence at DSK Bank.

The privatisation procedure for Bank DSK opened on December 9th, 2002. The deadline to submit final offers was fixed at 12 noon on April 10th.
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