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Dec 06, 2017 11:22 EEST
December 6 (SeeNews) - The privatisation agency of Bulgaria's capital Sofia has received one bid in the tender for the sale of a 67.646407% stake in Municipal Bank, local media reported on Wednesday
Liechtenstein-based fund Novito Opportunities was the only candidate which has submitted offer to the privatisation agency, Capital newspaper reported on Wednesday.
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The municipal privatisation agency has offered for sale 3,880,388 shares for a minimum total price of 45.65 million levs ($27.64 million/23.34 million euro).
Novito Opportunities is 100%-owned by CAIAC Fund Management AG, an investment fund management company based in Liechtenstein, according to Capital.
Municipal Bank was the 15th largest bank in Bulgaria by assets among 22 banks and five branches of foreign banks as of end-October.
(1 euro = 1.95583 levs)
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