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Sofia municipality drops Hilton share

Date: 14.01.2006

Sofia Municipality has decided to sell its 14% in the local Hilton hotel, press said.

Previously there have been thoughts on increasing the share instead of dropping it.

The 14% will reportedly cost almost six million levs, or about three million euros.

Sofia mayor Boyko Borissov has been assigned to negotiate the future sale оf the share.

Hilton Sofia was build in the year 2000 on a land plot provided by the Sofia Municipality.

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