BBG SIMEX – BULGARIA has a vast experience gained from the realization of a number of privatization projects and offers to its customers a full scale of professional services in relation to the privatization process.
Legal Framework
The legal framework of the privatization process is defined by the Law on privatization and after-privatization control, under-law normative statements, the Law on public offering of securities and the Law on deals with compensatory instruments.
Privatization bodies
Privatization agency
Privatization of state participation in the capital of trade companies,
Privatization of independent parts of property of trade companies with more than 50 % state ownership.
Municipal councils or indicated by them bodies
privatization of municipal participation in the capital of trade companies,
independent parts property of trade companies with more than 50 % state ownership,
municipal non-residential property, not including the property of municipal trade companies used for business purposes (shops, studios, warehouses, service-stations, workshops, etc.)
unfinished construction sites, not included in the property of municipal trade companies
Bulgarian stock exchange – Sofia
Privatization of state participation in the capital of trade companies
Only licensed investment intermediaries make the deals on the privatization segment of Bulgarian stock exchange – Sofia.
Privatization methods
For blocks of shares:
Public offering,
Public tender,
Publicly announced competition,
Centralized public tender,
Tender offer according to the Law on public offering of securities.
For shares from state and municipal limited liability companies:
Public tender
Publicly announced competition
For independent parts property of trade companies with more than 50% state or municipal ownership as well as for municipal non-residential properties not including the property of municipal trade companies used for business purposes (shops, studios, warehouses, service-stations, workshops, etc.), and also unfinished construction sites, not included in the property of municipal trade companies:
Public tender
Publicly announced competition
For trade companies with more than 50% state participation in the capital, significant for the national security of the Republic of Bulgaria, have a privatization strategy approved by the national assembly and are included in a list-application to the Law on privatization and after-privatization control:
Publicly announced competition (under special rules, settled in the law)
Privatization deals are made on the Bulgarian stock exchange - Sofia. State shares of companies, some of which provoke strong interest among investors, are offered for privatization. Forthcoming is the privatization of 20% of “Bulgarian Telecommunication Company” and 30% “Bulgarian Naval Fleet”
Preparing an offer or a tender offer as well as all other documents necessary for the privatization procedure including the investment program, employment program, business plan, strategy etc.
Conducting negotiations in accordance with the chosen strategy and privatization procedure.
Electing a procedure representative for the conduction of lawsuits before the Supreme administrative court, in relation to breaches in the privatization procedure.
Managing the media and PR presentation in public area at the time of the privatizationv
Participation in privatization procedures implemented by the Privatization agency,
Participation in privatization procedures implemented by the Municipal councils or by bodies appointed by them like Municipal privatization agencies.
Buying up blocks of shares at the privatization segment on the Bulgarian stock exchange – Sofia,
Tender offer on the floor of the Bulgarian stock exchange – Sofia..
A more detailed information for the services in the area of privatization offered by BBG SIMEX – BULGARIA can be found in sections Company acquisitions , Working tools, Frame offer and Demo version of the studies in the field of corporate finance.
