VTB will give me a light

BT Invest GmbH has applied for participation in the tender for the purchase of 5.8 million shares (79.83%), the Bulgarian manufacturer of cigarettes "Bulgartabak" told "Vedomosti" the press service of Bulgaria's privatization agency. For a share of the company offered 100.1 million euros. The transaction must approve the executive and supervisory boards of the privatization agency, it is expected that it will be closed for a month, said press officer. After the deal BT Invest GmbH undertakes to invest in business development, "Bulgartabaka" two million leva in the first year (1.02 million euros) and five million leva (2.55 million euros) to the next. Within five years, the company will be obliged to buy from local producers of tobacco in 5000 tons of raw materials annually. "Bulgartabak" – the largest manufacturer of cigarettes in Bulgaria (see incision), controls about 60% of the market in the country, according to a company presentation to investors (there are at the disposal of "Vedomosti"). On the Bulgarian market represents around 20% of sales of the company. The documents of the Austrian Chamber Roster pointed out that BT Invest GmbH is 100% owned by Cyprus VTB Capital Pe Investment Holding Ltd (the data at the beginning of August). Managing Director – Johannes cineraria. Get the comments in the Austrian headquarters of BT Invest yesterday failed. The press service of VTB Bank was advised to contact the press service of "VTB Capital." The representative of the investment bank declined to comment. VTB in this transaction resulted in a new head office in London "VTB Capital" Atanas Bostanci, Bulgarian by birth, who knows the local market, says one banker, was interested in buying "Bulgartabaka." BT Invest GmbH was the sole contender for the "Bulgartabak." A month ago, one of the world's largest manufacturers of cigarettes, British American Tobacco (BAT), refused to participate in the contest for reasons of "commercial and strategic character." On Privatization "Bulgartabaka" was first announced in 2002, but no one contest was brought to completion, including claims due to the Russian government. "Bulgartabak" was handed over to the USSR in order reparations after World War II. Yesterday, spokesman of the administration of Russian President Viktor Khrekov refused to speak, for whose benefit an VTB. "I have no information that we're going to keep this deal" – he said.