Categories · Business (Tobacco)
non-USA, by Country · Bulgaria
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Jump to full article: Reuters, 2009-08-04
Intro: Bulgaria hopes to carry out the delayed sale of its dominant cigarette maker, Bulgartabak Holding BTHG.BB, by the end of the year, the energy and economy minister Traicho Traikov said on Monday.
This will be the fourth attempt by the country to dispose of the former tobacco monopoly, whose key assets are the cigarette mills Sofia BT SOFBT.BB and Blagoevgrad BT BLABT.BB.
"The best moment for the sale of the company was irretrievably missed and at present the company is losing its market share," Traikov told reporters. "But we still can have a positive effect from the sale," he said.
Traikov said there was investor interest and that a deal could be sealed by the end of the year.
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