Mergermarket: Signs of Revival on Bulgaria M&A Market
The mergers and acquisitions (M&A) market in Bulgaria shows the first signs of recovery, driven by the sale of the first national private television bTV and the acquisiti...
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1 min read Source: Novinite
From our news archive: this article was published in October 2010. Figures and rules may have changed since.
An investor from the German free province of Bavaria has stated interest in Bulgaria's project to build a second Nuclear Power Plant (NPP) in the Danube town of Belene, a high-ranking official with the Bavarian Economy Ministry confirms.
The Head of the Southeastern and Central Europe Directorate at the Ministry, Martin Grossman, revealed the information for journalists Wednesday, saying it was true Bulgaria approached Bavaria about the NPP, however, the talks were held without a representative of his institution.
Grossman declined offering further details, but promised more would be announced when "the time is right."
On Monday, Prime Minister Boyko Borisov made it clear Bulgaria has found a strategic foreign investor for Belene's construction. He said that the investor is a company from Bavaria, and that he held talks with the German company in question during his last week's visit to Munich.
A day earlier, the Speaker of the Parliament, Tsetska Tsacheva, made the same announcement.
Originally published by Novinite.
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