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Bids for Bulgaria's Last State-owned DSK Bank about EUR 300 M
Business | April 11, 2003, Friday // 00:00
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Austria's Erste Bank offers EUR 293 M for 100% of DSK bank, while the bid of Hungary's OTP Bank is for EUR 311 M, it transpired April 11.
The Board of Directors of the Bank Consolidation Company, the body in charge of the banks privatisation in Bulgaria, reviewed Friday the offers of the two bidders for DSK Bank.
The Board of Directors of the Bank Consolidation Company will name the preferred buyer for Bulgaria's last state-owned bank DSK Bank by Tuesday at the latest.
The Board of Directors will contact Austria's Erste Bank and Hungary's OTP Bank to clarify amendments and additional information in the draft contract for Bulgaria's last state-owned bank DSK Bank.
The privatisation procedure for Bank DSK opened on December 9th, 2002.
DSK Bank was established in 1998 by transforming the State Savings Bank into a wholly state-owned joint-stock company. In terms of asset value, it ranks as Bulgaria's second largest bank after Bulbank.
The sale of DSK Bank will bring to an end banking privatization in Bulgaria, and the banking sector will be wholly private.
The Board of Directors of the Bank Consolidation Company, the body in charge of the banks privatisation in Bulgaria, reviewed Friday the offers of the two bidders for DSK Bank.
The Board of Directors of the Bank Consolidation Company will name the preferred buyer for Bulgaria's last state-owned bank DSK Bank by Tuesday at the latest.
The Board of Directors will contact Austria's Erste Bank and Hungary's OTP Bank to clarify amendments and additional information in the draft contract for Bulgaria's last state-owned bank DSK Bank.
The privatisation procedure for Bank DSK opened on December 9th, 2002.
DSK Bank was established in 1998 by transforming the State Savings Bank into a wholly state-owned joint-stock company. In terms of asset value, it ranks as Bulgaria's second largest bank after Bulbank.
The sale of DSK Bank will bring to an end banking privatization in Bulgaria, and the banking sector will be wholly private.
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