On 15 May Bulgartabac-Holding AD will offer for sale its stake in the capital of Gotse Delchev BT AD-Gotse Delchev through a mixed closed auction on the Bulgarian Stock Exchange-Sofia, the institution announced.

A total of 753,062 shares (78.27% of the capital) will be offered at a minimum price of 2.25 mln leva. Only bids for the whole amount will be entered.

Gotse Delchev BT is a tobacco processor, the company buys out and carries out different tobacco manipulations, trading, exporting and storing tobacco.

Gotse Delchev BT posted a net loss of 1.237 mln leva last year versus a loss of 2.892 mln leva in 2005.

By request of the majority shareholder Bulgartabac Holding AD-Sofia, which controls 78.27% of the company’s capital, Gotse Delchev BT AD convenes extraordinary general shareholders’ meeting on 11 April 2007.

Shareholders are expected to vote a proposal to make changes in the company’s statutes, and to change the company’s name to Gotse Delchev-Tabak AD.

The last transaction involving shares of Gotse Delchev BT on BSE-Sofia was made on 19 September 2006 at 2.00 leva/share.