Struma-S To Be Sold.

09.03.2000

The Privatization Agency announced that a 75% stake in the explosives maker Struma-S will be sold against a minimum asking price of BGN 3 million /USD 1.47 million/. The sale will be carried out through a public tender and bids will be accepted until March 27. The plant produces explosives and army mortar barrels. Its civilian output includes high-precision steel casting, metal processing and measurement tools. Bidders must pay in cash minimum half of the price; the other half can be paid in government bonds. Candidates also must have a three-year investment plan for Struma-S and keep its core business unchanged for the same period