The consortium gathering together the Italian bank UNICREDITO and the German insurance company ALLIANZ will acquire 98% of BULBANK, the largest commercial bank in Bulgaria, at a cost of EUR 360 million, announced the bank consolidating company. The body entrusted by the government with the privatisation of banks in fact preferred the offer from the consortium to that from the French/Greek KANOVAS/CREDIT AGRICOLE INDOSUEZ and that from the Belgian bank KBC. In 1999, BULBANK register profits...