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