Four Cos Make It to Next Stage of Tender for State Railways Freight Unit

Four Cos Make It to Next Stage of Tender for State Railways Freight Unit

Four companies have been admitted to the next stage of a tender for the privatisation of the freight transport unit of Bulgaria's state-owned railway holding company BDZ, the country's privatisation agency said.

The four companies are Romania's Grup Feroviar Roman, local companies Bulgarian Cargo Express and Balkan Financial Services and Austria's Donau-Finanz Transport und Beteiligung, the agency said in a statement.

The agency has issued the relevant compliance certificates to the four companies, which will have to file their binding bids and submit deposit guarantees by March 12.

A total of 2,325,087 shares of the company, equivalent to 100% of its capital, have been put up for sale.

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