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GLOBALSOFT.COM SOLD ITS STAKES IN TWO IT LEADERS
Business | November 10, 2001, Saturday // 00:00
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The Cyprus based company LK GlobalSoft.com sold its stakes in the leading Bulgarian IT companies Express Consult and Comsyst to the companies' managers. The deal worth USD 13 M was made on November 5. The decision was taken on the basis of an ambitious business program proposed by the management of the Bulgarian companies. The deal will have an impact on the overall development of the Bulgarian IT sector as a whole, experts commented. The price will be paid in annual installments calculated as a percentage of the net profit. The transaction is a sign that the managers have shown good skills and have chosen the right track of development, which may attract serious foreign investments.
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