BCC Expects Three Offers for Biochim Bank.

10.03.2000

The Bulgarian Consolidation Company /BCC/ expects to receive three offers out of the 9 potential investors interested in BCC’s stake in Biochim Bank by 17 March. Probable investors include FIB, Unionbank, Roseximbank, Neftinvestbank, Bulgarian Holding Company, Orel Holding. A consortium around Turkish Global Securities including the Luxembourg-based Bank Inwik, Milicom International Celular, Modern Times Group, Framlington Bulgarian Fund, has been also said to show interest in the purchase of the Bulgarian Biochim Bank. Other potential buyers include US Sea Board Corporation and Israeli investors that are likely to enter any of the three consortiums