26 Nov 09
Bulgaria Plans Stock-Exchange Sale
Bulgaria’s Finance Minister, Simeon Djankov, announced that he plans to re-start previously abandoned plans to sell the state's 44 per cent share of the Bulgarian Stock Exchange.
The ministry wants to finalise the sale in the next months, Djankov said Thursday, adding he is looking for an important investor to develop the stock exchange on a regional level, Novinite reports.
The minister added that the most likely, interested, and promising investors are the German and Austrian Stock Exchanges, adding the crucial factor would be the sale’s price because the buyer who offers more usually has better market strategies.
Bulgaria’s Finance Ministry is the largest stock exchange shareholder. The rest belongs to banks and investment brokers.
Djankov’s idea is to connect the Bulgarian Stock Exchange to other smaller exchanges in the region such as the Macedonian one and create a regional stock exchange with the help of the new owner of the Finance Ministry’s shares.