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Bulgartabac Sell-off Speeded before Elections.

Europe Intelligence Wire

| January 31, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From PARI Daily)

Byline: Stela NENKOVA

IF the privatisation contract for the three subsidiaries of Bulgartabac Holding, those in Sofia, Plovdiv, and Blagoevgrad is signed, the sum of EUR 200 million will be transfered to the holding company and not to the state budget, Bulgartabac's sell-off strategy reads. The funds will be needed for restructuring the remaining part of the entity.

The problem is that bankruptcy proceedings have already been …

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