А Czech company will mediate the sale of BSE

A Czech company will mediate the privatisation of the Bulgarian Stock Exchange and the Central Depository, Darik Radio announced. The company Patria Corporate Finance has already signed a contract with the Privatisation Agency after a competition. Thus, the mediator will have to prepare an analysis of the legal status of the companies offered for privatisation, write an information memorandum and make a privatisation evaluation. When these tasks are fulfilled, there will be an announcement of a buyer's competition for the government shares in the Stock Exchange and Depositary. The Ministry of Finance holds 50.05% of the Exchange's capital and 43.7% of the Depository's capital. Together with the shares of BSE, the share of the Ministry of Finance and the Central Depository amounts to 50.30%. The procedure itself was officially launched on September 26. According to the rules, only major exchange operators or alliances are allowed to take part. Financial investors are restricted from participation in the privatisation of these two institutions. If candidates are exchange operators, they need to have a BGN 2 bn average monthly turnover for the period January 2010 - December 2011. In the region, this requirement is met only by the exchanges in Istanbul and Vienna.

A month ago, the management of the Stock Exchange said that at least three exchange operators were expected to participate in the auction, but it did not say which these expected stock operators were.

The investment community in our country prefers the Vienna Stock Exchange as a future leader in the tender for the privatisation of BSE, since presence on our market completely suits the strategy of the Austrian operator in terms of the establishment of a regional trade network.

Patria Corporate Finance was founded in 1994 as the first investment bank in the Czech Republic and Slovakia. Its corporate website makes it clear that it is a member of the KBC Group and international network Clairfield.

Прочети цялата новина

Свързани новини: