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(From M&A Navigator)
MANAVIGATOR-August 31, 2011-VTB's BT Invest wins race to buy Bulgartabak (C)2011 M2 COMMUNICATIONS http://www.m2.com
31 August 2011 - Bulgaria's privatisation agency said on Wednesday it had selected BT Invest, a unit of Russian state-run lender VTB (MCX:VTBR), as the winner in the tender to buy 79.8% in cigarette maker Bulgartabak (BUL:57B) for EUR100m (USD144.4m). BT Invest, registered in Australia, was the only bidder left in the race for Bulgartabak after British American Tobacco (LON:BATS) walked away earlier in August. The privatisation …