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Image header Agence Europe
Europe Daily Bulletin No. 7716
Contents Publication in full By article 34 / 41
ECONOMIC INTERPENETRATION / (eu) privatisation

- Bulgaria: a consortium bringing together the Italian bank UNICREIDTO and German insurer ALLIANZ has been selected for the privatisation of 67% of the capital of Bulgaria's largest commercial bank BULBANK (net profit of 53.69 million euro in 1999), the Minister of the Economy Petar Jotev announced. The offer of the Italian-German consortium was preferred to that of the Greek-French consortium KANOVAS/CREDIT AGRICOLE INDOSUEZ and that of Belgium's KBC. The UNICREDITO/ALLIANZ grouping will have exclusive rights to negotiate until 16 June. If no agreement is reached, Bulgaria reserves the right to negotiate with other candidates. See EI of 27 April.

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION