Privatization Agency Approved The Deals For 80 Per Cent Of The Chukorovo Mine Capital and 78 per cent of Christo Botev EAD Mine,,

16.11.2001 Source: BEF News Desk

the press center of the Privatization Agency announced. The purchaser of Chukorovo Mine is a consortium between LM Impex EOOD,Elshitsa 99 and Videx EOOD. The companies offered a priceof BGN 11.1 M. 10 % of the deal’s price will be paid in cash, and 90 % through compensatory notes, house compensatory notes and temporary certificates.The purchaser Miner Bobov Dol AD offered BGN 15,555 for the mine. The new owner has to invest BGN 4,510,000 at least for a five-year period and will maintain the staff number of 492 people for the same period.