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Purchase of 50% of Bulgartabac Output "Must be Guaranteed"
Business | June 17, 2003, Tuesday // 00:00
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The purchase of some 50-60% of Bulgartabac output should be guaranteed to the future owners, Bulgartabac Holding Executive Director Georgi Kostov said.
He projected that Bulgartabac piecemeal or bourse sale may generate some EUR 250M -EUR 300 M.
Deutsche Bank-owned Tobacco Capital Partners won the procedure for an 80% stake in Bulgartabac equity twice in 2001 and 2002. In the middle of March Bulgaria's Parliament approved the Cabinet's decision for naming EUR 110 M bid of Deutsche Bank-owned Tobacco Capital Partners a winner for 80% stake in Bulgaria's tobacco monopoly Bulgartabac.
Sale negotiations with Tobacco Capital Partners were discontinued at the beginning of April.
Bugartabac Holding doubled its profit in 2002 over the previous year, reaching BGN 23 M. Half of its profit will be distributed as dividends.
He projected that Bulgartabac piecemeal or bourse sale may generate some EUR 250M -EUR 300 M.
Deutsche Bank-owned Tobacco Capital Partners won the procedure for an 80% stake in Bulgartabac equity twice in 2001 and 2002. In the middle of March Bulgaria's Parliament approved the Cabinet's decision for naming EUR 110 M bid of Deutsche Bank-owned Tobacco Capital Partners a winner for 80% stake in Bulgaria's tobacco monopoly Bulgartabac.
Sale negotiations with Tobacco Capital Partners were discontinued at the beginning of April.
Bugartabac Holding doubled its profit in 2002 over the previous year, reaching BGN 23 M. Half of its profit will be distributed as dividends.
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Business | February 14, 2026, Saturday // 11:02
