Journey.bg - Българският туристически портал
Русская версия Българска версия
Новини от бранша
Search


Subscribe

BAT Dumps Bulgaria's Tobacco Giant Sale, Deal Fails

Date: 01.02.2005
British America Tobacco (BAT) has dropped its offer to acquire three of Bulgaria's state-owned Bulgartabac Holding most prospective factories. BAT's Board of Directors decided to dump its EUR 200 M offer for 80% of the shares of Sofia BT, Blagoevgrad BT and Plovdiv BT following the political scandal that shook Bulgaria last week. BAT, the world's second-largest cigarette producer, placed a sole offer for Bulgartabac package at the end of last year to the chagrin of the Bulgarian government, who had believed that would emerge as a three-way bid between BAT, Imperial Tobacco and Philip Morris International. Bulgaria's tobacco monopoly sale fails less than five months before general elections in Bulgaria.
Total views: 3 rating: 1.50
traveller's forum
No opinions






We've tried to make the information on this web site as accurate as possible, but it is provided 'as is' and we accept no responsibility for any loss, injury or inconvenience sustained by anyone resulting from this information. You should verify critical information (like visas, health and safety, customs and transportation) with the relevant authorities before you travel.


Journey Bulgaria | News | BAT Dumps Bulgaria's Tobacco Giant Sale, Deal Fails
© 2000-2017 Journey.bg. All rights reserved.