The privatisation strategy of the state-owned tobacco holding Bulgartabac will be approved by the Government during the ministers’ meeting next week, Deputy Prime Minister and Economy Minister Nikolay Vassilev announced on January 25. Bulgartabac is 92% state-owned, and the Cabinet hopes to sell 51-80% of the firm to a strategic investor, such as another tobacco company or a financial institution under the draft privatisation strategy of the company. The government will most probably keep a “golden share" in Bulgartabac so that it can retain a role in company decision making. The government also plans to place almost 13% of Bulgartabac on the Bulgarian Stock Exchange as part of efforts to boost trade on the market.

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