Bulgaria’s Emko Advances to Second Stage of VMZ Sopot Sale Procedure

Bulgaria’s Emko Advances to Second Stage of VMZ Sopot Sale Procedure

Bulgaria's privatisation agency said it has admitted local company Emko to the second stage of the sale procedure for 100% of state-owned arms maker VMZ Sopot.

"The company meets the pre-qualification requirements and can proceed to the next stage of the privatisation," the agency said in a press release on Wednesday.

Emko can now purchase an information memorandum, inspect the arms maker and then file a binding offer.

Earlier this month, the agency announced that Emko remained the only candidate buyer for VMZ Sopot after the documents filed by the other two companies, Sage Consultants and Dunarit, were rejected on the grounds that they do not meet the terms of the privatisation strategy.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.