Highest Bid For Kardjali Tabak At 6 Mln Leva

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Highest Bid For Kardjali Tabak At 6 Mln Leva

Haskovo-based Aidatour Jsc has placed the highest bid for the majority stake in Bulgartabak Holding's unit Kardjali Tabak – 6,013,110 leva, or 13.02 leva per share. This is 4,507,110 leva above the minimum bid set at 1,506,000 leva, Bulgartabak told Profit.bg yesterday.

The holding has already attempted to sell the stake twice - in May and August 2007, but there were no bidders. The minimum bids back then were set at 2,500,000 leva (May) and 2,100,000 leva (August).

16 offers were submitted by 13.00h on March 7, 2008. After consideration of the documentation, just seven offers have been selected to proceed.

The supervisory board of Bulgartabak Holding has is selling 461,828 common, paperles shares (90.564% of the capital) in the enetrprise via a publicly announced tender.

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