July 24 (SeeNews) - Four potential bidders have expressed interest in the purchase of 100% of Bulgaria's Victoria Bank, a wholly-owned subsidiary of bankrupt Corporate Commercial Bank (Corpbank), Victoria Bank said on Monday.
The list of interested companies contains two Sofia-based banks – Investbank and Bulgarian American Credit Bank, Victoria Bank said in a statement.
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The other two offers were submitted by Sofia-based Vabo Internal and a tie-up between Kerbler Holding, Imfarr Beteiligungs and Green Finance.
The previous procedure for the bank’s sale failed after Bulgaria's central bank said in March it refused to grant preliminary approval to the request of Sofia-based D Commerce Bank to acquire 100% of Victoria. The proposed strategy for the acquisition and business development of Victoria pose considerable risks, the central bank said at the time.
Victoria Bank recorded a net loss of 5.6 million levs in 2016, compared to a loss of 9.3 million levs a year earlier. Its total assets stood at 128.5 million levs at end-2016.
(1 euro = 1.95583 levs)
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