Tuesday, April 26, 2011

Bulgaria opens tender to sell cigarette maker

SOFIA, April 26 (Reuters) - Bulgaria opened a tender to sell its majority stake in state cigarette maker Bulgartabak in a bid to offload state assets, the privatisation agency said on Tuesday.
The agency invited strategic and financial investors to buy tender documents by June 10. Binding offers have to be filed by the end of August.
The Balkan country is offering to sell its 79.8 percent stake in the holding, which has two cigarette mills and a tobacco processing unit.
The remaining 20.2 percent are listed at the Bulgarian Stock Exchange.
(Reporting by Tsvetelia Tsolova; Editing by Erica Billingham) Keywords: BULGARTABAK/SALE
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