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Investors eye mainly real property of two cigarette mills

Date: 30.05.2008

Investors eye the sale of the two Bulgartabac cigarette mills in the cities of Stara Zagora and Plovdiv, Vladimir Karolev, consultant in the holding’s restructuring.

“Investors’ interest is higher than some are expecting. Most of the companies eye the mill’s real property. Both Bulgarian and foreign companies eye the mills as a possible platform for cigarette production, but this interest is weaker,” Karolev added.

“I have said it several times – there is no room for four cigarette mills in Bulgaria, especially now that we are an EU member. There is room for two mills at the most, even for one in a long-term plan. So if it all depended on me, I would not propose that the mills be sold with a license,” he noted.

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