The Bank Consolidation Company (BCC) will sign today the deal on Bulbank’s privatization. The contract for the sale of 98% of the shares will be signed by finance minister Muravey Radev and vice premier Petar Zhotev on the Bulgarian side. The shares will be endorsed within three months after the deal is signed. Until the shares are endorsed the buyer will not take over Bulbank’s actual management. Meanwhile, Jotev, who is also BCC Executive Director, said that Bulbank will have a two-tier system of management - a Supervisory Board and a Managing Board; the Supervisory Board will include representatives of the Government. Before the Bulbank assets are transferred to the UniCredito Italiano/Allianz consortium, the bank’s shareholders will hold a general meeting to elect the Supervisory Board, Jotev said