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Three Buyout Bids for Bulgaria's Top Water Bottler Devin

Date: 01.06.2009

At least three buyout companies have filed bids for Bulgaria's leading water bottling company Devin as the cash-strapped Austrian owner seeks to wrap the fire sale within two months, DealWatch reported, citing insiders.

In 2005, Soravia acquired full control of Devin and distributor Devin Royal for an undisclosed sum.

At present, the Austrian group holds 75.3 % in the company while the rest of the equity is traded on the Bulgarian Stock Exchange.

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