BIOCHIM'S PRIVATIZATION PROCEDURE BEGINS JANUARY 7

Business | January 2, 2002, Wednesday // 00:00

Privatization of 'Biochim' bank will start officially on January 7, Sofia Kassidova, head of the Supervisory Board said, quoted by Standart Daily. The letters of advice were already sent out to 12 banks that might buy Biochim. The Biochim privatization tender was made public in the Financial Times in the end of November, 2001. The bank financial reports for 2001, will be prepared and endorsed till the end of January. Deloitte & Touche was appointed auditor.
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