Japan Tobacco Inc., KT&G May Bid for Bulgartabak, Dnevnik Says
The two companies along with a Czech and a British investment funds, have expressed interest to take part in a tender for the sale of Bulgaria’s dominant tobacco company, the Sofia-based website said, citing unnamed sources at the Privatization Agency.
The asset-selling agency has yet to decide whether to sell the 80 percent stake in Bulgartabak on the Bulgarian Stock Exchange or in a tender, Dnevnik said. Citigroup Global Markets Inc. was picked a year ago to advise the government on its fourth attempt in a decade to sell Bulgartabak later this year,
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