TRADE CENTER INTERPRED TO BE SOLD TO HOTEL OWNERS

Business | June 21, 2001, Thursday // 00:00

The South Korean corporation Daewoo that was suffering a deep crisis during the last couple of years is now going to sell the World Trade Center Interpred (WTC) in Sofia to the owners of Radisson SAS in Sofia, the former MP Veselin Bonchev elaborated in Pari Daily. No details were revealed from the administration of the WTC. The Sheraton Sofia Hotel Balkan, part of the Daewoo investment portfolio in Bulgaria, might be also included in the negotiations. `Purchase of real estate property is not included in the business plan of Radisson SAS, only management and franchising contracts`, the hotel management announced. Daewoo is the owner of 70% shares of Interpred and 67% of the capital of Sheraton.

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