Bulgartabac Holding’s Yambol-BT Floor Price Set At 700,000 Leva

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Bulgartabac Holding AD has decided to sell 99.73% from the capital of Yambol-BT AD through public competition, BSE announced. The only criterion in the auction will be the price of the offers.

The floor price in the competition has been set at 700,000 leva for 256,170 shares. Offers can be submitted within 30 days after the publishing of the auction announcement.

The announcement is to be published in two central and one local daily newspapers. The offers receival date will be determined after mid-May 2007.

Early this month Bulgartabac-Holding AD determined the methods for the sell-off of three of the companies from its structure - Gotze Delchev BT, Kardjali-BT and Smolyan-BT, following the advise of its restructuring consultants.

The last transaction involving shares of the company was made at 34.5 leva/share.

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