The Ministry of Transport of Bulgaria decided to renew the concession procedure for Sofia Airport in the next two months

The Ministry of Transport of Bulgaria decided to renew the concession procedure for Sofia Airport in the next two months

The World Bank and the European Bank for Reconstruction and Development will consult the procedure for the selection of a concessionaire. The two institutions will conduct the pre-tender analysis in the next two months. The procedure is expected to be initiated upon the completion of the analysis, at the beginning of 2018. It is the second […]

>> The Ministry of Transport of Bulgaria decided to renew the concession procedure for Sofia Airport in the next two months
Sofia Municipality announces sale process for 67% stake in Municipal Bank

Sofia Municipality announces sale process for 67% stake in Municipal Bank

Sofia City Council approved a resolution to sell the 67.65% of Sofia Municipality in Municipal Bank. The minimum asking price of BGN 45.7 M (EUR 23.3 M) is approximately 0.75x Book Value, in line with recent transaction valuations of comparable European banks. As of June 2017, Municipal bank had total assets of BGN 1.5 Bn […]

>> Sofia Municipality announces sale process for 67% stake in Municipal Bank