Expats

Bulgaria Seeks Only Majors to Help Sell Stock Exchange - Report [Mar 21, 2012] Bulgaria will seek to hire only major investment banks or consultancies to help arrange the privatization of the country's only stock exchange and depository, according to insiders. There are two major eligibility criteria advisers should meet, Capital daily reported, citing parameters of the privatization procedure it has obtained. The eligible advisers should have featured among Mergermarket's ... [via YahooNews] More >>

Go-Ahead for Bulgaria's Stock Exchange Sale, Majors Wooed - Report [Mar 14, 2012] Bulgaria targets major global and European bourse operators for the sale of its only stock exchange, which it hopes to wrap up in the first half of this year, according to insiders, cited by local media. Bulgaria's government has packed together its stake at the stock exchange and the depository in a bid to sweeten the deal for the bourse privatization. The bundling ensures that the new owner ... [via YahooNews] More >>

Austria's EVN Moves to Delist Bulgaria Units [Mar 06, 2012] Austria's EVN AG plans to delist its two units in Bulgaria just two months after the trade with their shares started on the local stock exchange. This becomes clear from a tender offer the Austrian group published in local Capital daily for the acquisition of the remaining shareholders shares. "After all legal requirements have been met, EVN plans to request the delisting of the two units from ... [via YahooNews] More >>

Bulgaria Confirms Up to 25% in Energy Holding Up for Sale [Feb 25, 2012] Bulgaria's government plans to privatize this year a minority stake in the state-owned energy holding, which groups the country's top energy assets, the finance minister has confirmed. Talking in parliament at the end of the week, Simeon Djankov said the government aims to sell a stake of between 10 to 25% in state energy company BEH (Bulgarian Energy Holding) via a foreign stock exchange by the ... [via YahooNews] More >>

E.ON, CEZ Bulgaria Units to Launch IPOs in April, May [Feb 17, 2012] Bulgaria's government is expected to list its 33% minority stake in E.ON and CEZ power distributors in April and May respectively in a bid to enliven the local stock exchange and boost revenues. This was announced by Emil Karanikolov, executive director of the Privatization Agency. ... [via YahooNews] More >>

Bulgaria Seeks to Raise BGN 78 M from EVN Unit Bourse Sale [Dec 14, 2011] Bulgaria will seek to rake in at least BGN 78.4 M from the sale of the government's 33% minority stake in the local unit of Austria's EVN AG, the local stock exchange said. Bulgaria's financial regulator greenlighted at the beginning of December the listing of the government's 33% minority stake in the two power distribution companies controlled by Austria's EVN. ... [via YahooNews] More >>

EVN Unit in Bulgaria Gets Ok to Become Public Co [Dec 07, 2011] Bulgaria's financial regulator has greenlighted the listing of the government's 33% minority stake in the local unit of Austria's EVN AG on the local stock exchange. The two companies included in the unit, which are in charge of sales and grid operation, will be listed as public companies, the Financial Supervision Commission decided, confirming expectations that their initial public offerings ... [via YahooNews] More >>

Bulgaria Hopes to Sell 50.5% in Bourse in H1 2012 [Oct 19, 2011] Bulgaria hopes to find an investor for its only stock exchange in the first half of next year, the bourse's chief executive has said though declining to reveal the names of potential bidders. "[The] majority of our stock exchange is state-owned. Our finance minister strongly believes that the government shouldn't be a shareholder for a very long period.... [via YahooNews] More >>

Bulgaria Bourse - South East Europe's Top Performer [May 17, 2011] Sofia Stock Exchange has been the top performer in South East Europe since the beginning of the year, according to a Financial Times ranking. The region's top performer is Bulgaria with a rise of 29% in USD terms and 22% in local currency. According to FT data, that's the world's best in USD terms and second only to Zambia in local currency. ... [via YahooNews] More >>

Bulgaria Fin Ministry Acquires C-Bank Stake in Depository [May 12, 2011] Bulgaria's government has moved a step closer to packing together its stakes at the stock exchange and the depository in a bid to sweeten the deal for the bourse privatization. The central bank announced on Thursday it has decided to transfer its 20% stake in the central depository to the finance ministry. The two thousand shares will be purchased at their nominal value of BGN 100 apiece. ... [via YahooNews] More >>

Bulgaria Govt Urged to List Belene N-Plant on Stock Exchange [Apr 04, 2011] Bulgaria's government should list on the stock exchange the new company for the second nuclear power plant at Belene to test the economic viability of the controversial project, the chairman of the country's energy forum has suggested. "This is a process, which can take up to six months, having in mind all the analyses and audits, which have to be made. The interest of local and foreign ... [via YahooNews] More >>

Bulgaria Hopes to Find Investor for Stock Exchange by End-2011 [Mar 17, 2011] Bulgaria's stock exchange, which launched the sale of its shares in January, is hopeful that it will attract a key European investor for the sale of its majority stake by the end of the year. "Bulgaria's stock exchange has high chances of attracting a strategic investor, who is one of the big names on the European capital market," Assen Yagodin, president of the bourse's Board of Directors, told ... [via YahooNews] More >>

Bulgaria Govt Makes New Privatization Push to Rake in Revenues [Jan 26, 2011] Bulgaria's government will offer again for privatization through the Sofia stock exchange a package of small state companies or stakes in such firms as part of its efforts to boost public revenues. This will be the second attempt at privatization for the center-right government of Boyko Borisov since the beginning of its term last summer. "This time the package will include eleven state ... [via YahooNews] More >>

Bulgaria: International Investors Interested in Bourse Debut [Jan 06, 2011] International investors have shown interest even before Bulgaria's stock exchange launched the sale of shares Thursday morning, the bourse's executive director said. [via YahooNews] More >>

Bulgaria Bourse Floats Stock, Shares Hit BGN 4 [Jan 06, 2011] Hours after Bulgaria's stock exchange started to sell shares Thursday morning, they traded between a low of BGN 2.16 and a high of BGN 4.27. [via YahooNews] More >>

Bulgaria's Only Stock Exchange Goes Public [Dec 15, 2010] Bulgaria's only stock exchange became a public company after the Financial Supervision Commission approved its prospectus and the bourse was listed on its own platform. [via YahooNews] More >>

Bulgaria to Float Minority Stake in E.ON Utility in 2-3 Months [Nov 30, 2010] Bulgaria will list in two or three months its 33% minority stake in E.ON, one of the three power distributors in the country, to enliven the local stock exchange and boost revenues, the finance minister announced. [via YahooNews] More >>

Bulgaria Raises State Holding in Stock Exchange Before Majority Stake Sale [Sep 16, 2010] Bulgaria raised the state's stake in the Balkan country's stock exchange as it prepares to sell its majority to an industry investor and offer the rest to the public, said Ivan Takev, the bourse's executive director. [via YahooNews] More >>

Bulgaria Raises State Holding in Stock Exchange Before Majority Stake Sale [Sep 15, 2010] Bulgaria raised the state?s stake in the Balkan country?s stock exchange as it prepares to sell its majority to an industry investor and offer the rest to the public, said Ivan Takev, the bourse?s executive director. [via YahooNews] More >>

Bulgaria Said to Eye Foreign Partners for Stock Exchange [Sep 14, 2010] The increase of Bulgaria's government share in the country's only stock exchange is a step for its reprivatization, probably selling the stake to an international exchange group, insiders say. [via YahooNews] More >>