BULGARTABAC SUBSIDIARIES FUTURE NOT DECIDED YET

Business | November 7, 2001, Wednesday // 00:00

During the privatization of Bulgartabac Holding, Bulgarian tobacco monopolist, a majority package might be sold to a strategic investor, while a 20% stake is to be offered for sale on the stock exchange. Bulgartabac’s new owner might be empowered to shut down factories even after a grace period. All the holding company’s subsidiaries are to be managed by the new owner, but it is still not clear what will happen to the smaller ones among them. The new owner is likely to write off the public register most of the holding’s subsidiaries, except the profitable companies Blagoevgrad BT and Sofia BT.

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