Bulgaria Extends Deadline for Buying Tender Papers for Arms Maker VMZ Sopot

Bulgaria Extends Deadline for Buying Tender Papers for Arms Maker VMZ Sopot

Bulgaria's privatisation agency said it extended until August 24 the deadline for buying tender documents for a 100% stake in arms manufacturer VMZ Sopot.

The deadline was extended in response to inquiries by potential investors, the agency said in a statement on Thursday.

The deadline for submitting classified information clearance documents is also extended, until August 31.

Bulgaria launched a privatisation procedure for the sale of 118,000,000 state-owned shares in VMZ Sopot in early July. One of the eligibility requirements for prospective bidders is combined sales revenue of at least 120 million levs ($75.7 million/61.4 million euro) for the past three years. Tie-ups are barred from the sale procedure.

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