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Only one candidate left for Bulgartabac

02. August 2011. | 07:18

Source: Focus News Agency

The privatization of the Bulgarian tobacco holding is now a one horse race with BT Invest, backed by the Russian state, being the only candidate in the privatization procedure.

British American Tobacco (BAT) gave up the competition for the privatization of Bulgartabac.The company was one of the runners and the only strategic investor.

The privatization of the Bulgarian tobacco holding is now a one horse race with BT Invest, backed by the Russian state, being the only candidate in the privatization procedure.

This is the second time BAT gives up Bulgartabac’s privatization.

The first was in 2005 when the company was on its way to take over the tobacco plants in Sofia, Blagoevgrad and Plovdiv but after strong political pressure from MRF party withdrew its offer. 24 chasa daily informs.

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