Russian Companies Interested In Vidachim Privatisation. T

04.03.2002 Source: Novinite.com

Two Russian companies – petrol company Tatneft and Nizhnekamskshina - have shown interest in the privatisation of Bulgarian bankrupt chemical plant Vidachim. Their representatives are expected to visit the plant till mid-March and check its capacities. Last week the Privatisation Agency announced that Italian and Russian investors are interested in acquiring Vidachim, given that the state writes off the company’s debt. Italy’s Marangoni and Russia’s Tetraneft are two of the investors, the names of the other two were not disclosed. Marangoni refrained from bidding in the previous sell-off because of the Vidin-based plant’s debts. Vidachim’s debt stands at BGN 49,7 M, half of it is owed to the state, the remainder – to other creditors, including Raiffeisenbank Bulgaria and private Roseximbank.