3 tie-ins vie to consult disposal of Bulgartabac factories._x000d_
27.04.2006
Source: Dnevnik
Three consortia are competing to consult the corporate restructuring of Bulgarian tobacco monopoly which will involve the privatisation of the tobacco processing units and delicensed cigarette factories. Bids were filed by the teams of First Financial Brokerage House and Legacom; Kambourov&Partners, Transacta and Bulbrokers and; and Sabev&Partners, Euro-Finance and Balkan Advisory Company. The advisory committee will unseal and review the offers by the end of the week. The sell-off adviser will have to prepare the market analyses necessary for the privatisation of most of the units of the tobacco monopoly. The company will keep in the holding structure the cigarette factories in Plovdiv, Sofia, Stara Zagora and Blagoevgrad and the processing unit in Pleven. The holding's structure currently includes 4 cigarette factories, 10 processing plants and Juri Gagairn BT factory in Plovdiv which comprises a printing and filter-making unit and a manufacturing unit for cigarette-making equipment. The State Receivables Collection Agency is already dismembering Bulgartabac unit Vidin BT. The creditor of Harmanli BT has still not made clear his plans towards the company although he has already been issued a writ of execution. The holding's Dulovo BT unit is involved in a court appeal filed by one of the failed candidates in the recent sell-off procedure for the company. Haskovo BT is undergoing a liquidation procedure. Bulgartabac Holding reported a net consolidated profit of BGN 39 mln for 2005. Net sales ticked up 2.44% to BGN 439.29 mln.