The Privatization Agency and Mina Cherno More–Bourgas signed the contract for Toplofikacia Sliven

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The Privatization Agency and Mina Cherno More- Burgas JSC Sofia signed the contract for the sale of 4 966 419 shares representing 100% of the capital of ToplofikaciaSlivenJSC.

The contract was signed by Todor Nikolov, Ececutive Director of The Privatization Agency and Milen Vlashki, Executive Director of Mina Cherno More JSC.

The purchasing price of the shares is BGN 12.761 mln, 20 % of which is paid in copmenstion instruments.

Under the terms of the contract the purchaser is not entitled to transfer the shares of the company or the rights and liabilities of the contract or to decrease its participation in the company’s capital to under 51 % during the following three years unless an approval from the Post-Privatization Agency has been granted.

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