67.02% of the capital of Georgi Mihailov AD will be offered at an auction on 31 July 2007. The starting price of the stake is 800,000 leva and the deadline for submitting auction papers is 26 July.

Auction papers cost 1000 leva, the step is set at 50,000 leva, and the deposit for participation is in the amount of 200,000 leva.

Georgi Mihailov AD's core activity is production, maintenance and trade with spare parts for forklift trucks and other similar vehicles, as well as trade with goods and services.

The company is the main distributor of electrical equipment to the Bulgarian forklift truck industry and a potential distributor to the automobile industry.