Bulgaria - start of steps leading to the privatization of the state-owned cigarette monopoly Bulgartabac..



December 21, 2009 - Bulgaria’s Privatization Agency announced Friday, December 18th an open tender for selecting a consultant for the privatization of the state-owned cigarette monopoly Bulgartabac. “Bulgartabac Holding”. Map of Bulgaria..

The application forms costs BGN 2 000 (USD 1,461.28), and can be purchased within 35 days after the publication of the tender decision in the State Gazette. The deposit for participation in the tender is BGN 5 000 (USD 3,653.20), and must be transferred to the Privatization Agency account.

The deadline for submitting an application is 5:30 pm on the 40th day since the publication of the tender decision.

The requirements for the eligible candidates state that they should be international investment banks which are in the top 20 of the League Tables of Financial Advisers in 2007-2009 published by Merger Market or Thomson Reuters.

The candidates must be a leading a consultant of at least one privatization deal of a tobacco company in the last three years, and to have experience with privatization deals. In addition, they should be familiar with Bulgarian law, should have a team of proper legal and economics specialists, should not be in a legal dispute with the Bulgarian state, and should not be in liquidation.

Reference: Bulgaria Starts Privatization of Cigarette Monopoly Bulgartabac, Novinite.com (Sofia News Agency), 12/18/2009.

Bulgaria related news briefs:
Bulgaria - police hold smoking protest over lack of bonuses..;
Bulgaria - police busts major cigarette contraband ring..;
Bulgaria - Bulgartabac Holding” will be privatized in 2010..;
Bulgaria - MPs Impose Hefty Fines on Cigarette Sales Violators..;
Bulgartabac Chief - cigarette tax increase as of January 1, 2010..;
Bulgaria Bulgartabac Holding Sells 23% of Shares to Mutual Funds..;
Bulgaria - more than 70% of smokers want to quit..;
Bulgaria - cigarette taxes going up each year except 2011..;
Bulgaria - chair of the economic committee in parliament disapproves of planned raise in excise duties on cigarettes..;
Bulgaria and others - smoking ban, increased cigarette taxes, smuggling..;
Bulgaria - Cigarette excise duties will be increased next year..;
Bulgaria - cigarette contraband, government loses BGN 920M yearly..;
Bulgaria - one third of the tobacco products sold are illicit..;
Bulgaria - new government to speed-up Bulgartabac sale..;
Bulgaria - Fake Victory Light cigarettes..;
Bulgaria's tobacco monopoly may be up for sale..;
Bulgarian lawmakers vote to ban smoking in all publc places from June 2010..; Bulgarian tobacco company Sofia-BT exports increase by 541 percent..;
Does Russia own Bulgaria's tobacco monopoly, Bulgartabac..;
EU percent of adults smokers -highest Greece 1 , Bulgaria 2.. - lowest Slovenia..;
Bulgaria - 1 in 3 youths smoke / half of pregnant women smoke..;
PMI training Bulgarian custom officers to stop cigarette smuggling..;
Philip Morris International (PMI) was truly happy they had been back in the Bulgarian cigarette market for a year and had already had 6.8% of market..;
WHO FCTC Protocol to Prevent Illicit Trade in Tobacco Products Won't Be Completed Until End of 2010..;
WHO Report on the Global Tobacco Epidemic 2008..;
Bulgaria Enters 2009 with Cigarette Prices Hike...
Bulgaria is marking Tuesday, November 10, 2009, the 20th year since the internal coup at the Bulgarian Communist Party which led to the crumbling of the communist regime..

0 comments: