BCC POSTPONED BIOCHIM SALE AGAIN

Business | May 9, 2001, Wednesday // 00:00

`We postponed reviewing the Biochim sale offer because we received a third offer from Hebrosbank`, Peter Zhotev, Deputy PM and Minister of the Economy, announced. BCC`s Board will decide whether to sell Biochim to the candidate buyer or start new procedures at its meeting next week. March 21 Hebrosbank offered additional EUR 700,000 to the price it had allocated to the purchase of Biochim. According to unofficial data, the price is now approaching EUR 25 M. According to preliminary data, by the end of April the bank has some DEM 9 M profit before taxation.

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