VTB Capital enters the Bulgarian market with interests in energy and transport

The Russian investment company VTB Capital has entered the Bulgarian market, with interest in sectors like energy, transport, agriculture and food industry, stated Atanas Bostandjiev, CEO of VTB Capital in London, during the presentation of the activities of the Sofia-based company. In fact, the company, which owns the Bulgartabac Holding JSC will step on the Bulgarian market through the acquisition of Delta Capital held by Milen Velchev and Georgi Velchev as well as by Krassimir Katev. The former Finance Minister, Milen Velchev, would be the company's CEO.

"We want to aid the development of the Bulgarian financial and capital market and contribute to the development of the Bulgarian and regional economy. We have not planned the exact amount of acquisitions to be realised, but we will develop our business step by step, while providing our services and registering the actual dynamics index here, " explained Bostandjiev.

Besides, VTB Capital confirmed its interest in purchasing BTC and BDZ- Freight services' LTD, but refused to specify details. Besides, the sale of minority shares of EDCs (Electricity Distribution Companies) via the Bulgarian Stock Market is also a good auction option, indicated the company's management. Regarding the sale of Bulgartabac, Bostandjiev reckoned that the main objective was for the company to stabilise and strengthen its business first so as to be sold to a future strategic investor.

In addition to its business plans, VTB Capital officially disclosed that it was the new sponsor of the Professional Football Club Levski. The news was announced by the company's CEO, Atanas Bostandjiev. He stated that the Russian industrial giant had already signed a contract with the Blue Football Club. Representatives of VTB Capital stated explicitly that they had definite interest in aiding the sports sector in our country, but none of them was willing to submit more details on the financial specifications of the very contract concluded with PFC Levski because of the confidentiality in the transaction.

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