A public auction for the sale of 449 028 shares representing 100% of the capital of Medizinska Tehnika JSC is scheduled for 19th April, the Privatization Agency website announced.

The starting price is BGN 3.1 mln and the step is set at BGN 100 000. The deposit is BGN 600 000.

Interested parties can buy tender documentation from The Privatization Agency at BGN 1000 till 16th April.

The price reached in the auction should be paid as follows: 70% in BGN by bank transfer to the account of the Privatization Agency, 30% in all compensations instruments the law permits.

Medizinska tehnika JSC’s main avtivities are developing, distribution and production of stomatological and electrical medical equipment, pharmaceutical and laboratory equipment and other technologies.

Medizinska tehnika JSC reported a net profit of BGN 13 000 for 2006 against BGN 5 000 for the previous year. The company’s revenues last year were BGN 1.553 mln against BGN 1.171 mln for 2005.