Bulgaria Resumes Efforts to Sell Stakes in Bourse Operator, Central Depository
Monday, 28 October 2013
Deputy prime minister Daniela Bobeva said the government will renew its efforts to sell the state-owned stakes in the operator of the country's stock exchange and the Central Depository.
A year ago finance minister Simeon Dyankov asked the Privatization and Post-Privatization Control Agency to launch a tender for an international advisor on the bourse's sale but the Cabinet's resignation in the spring delayed the process.
The finance ministry has already approved the launch of the privatisation procedures, daily Trud quoted Bobeva as saying.
With the move, the government aims to give a boost to the development of the country's capital market, Bobeva added.
The state holds 50.5% of the bourse operator and 43.7% of the Central Depository. Another 6.61% of the Central Depository are owned by the Bulgarian Stock Exchange.