Bulgaria’s CSKA Football Club Plans Stock Market Listing

Business » FINANCE | October 7, 2013, Monday // 17:50
Bulgaria: Bulgaria’s CSKA Football Club Plans Stock Market Listing Bulgarian football club CSKA plans to go public. Photo by enterprise.bg

CSKA Sofia intends to file for an IPO on Bulgarian Stock Exchange (BSE) at the beginning of 2014, according to CEO.

CSKA plans to file for an IPO on BSE at the start of 2014 and within a week the club’s legal form of ownership will be changed from EAD to AD, said Alexander Tomov, CEO, at a press conference on Monday October 7th.

“We are currently hard at work according to a time-frame outlined for the incoming IPO and I guess that we will manage to go public shortly after New Year’s Day 2014”, announced Tomov.

In July, 2013 CSKA’s management selected the financial company “Aval In AD” as investment intermediary to handle the IPO.

Bistra Ilkova, Chair of the Board of Directors of “Aval in AD”, was a CEO of BSE until 2010.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: CSKA Sofia, CSKA, IPO, Aval In AD, Bistra Ilkova, Alexander Tomov, Bulgarian Stock Exchange, BSE
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria