No one wants to buy 15% of Technomarket Bulgaria Not a single offer was handed out in the tender for sale of 15% of Technomarket Bulgaria that was organized by Corporate commercial bank’s assignee due to unpaid loan of a debtor. The share of the commercial chain was offered for BGN 6.3 million. The offered stake is small. The present owners hardly need any additional shares in the company. The first attempt for sale started at a price of BGN 6.3 million for 170 900 shares with a nominal of BGN 10, equal to 15% of Technomarket Bulgaria’s capital. This means that the company is assessed to BGN 42 million. The commercial chain has revenues of BGN 541 million for 2014, which makes it among the 30 largest companies in the country. The profit for last year is BGN 625 thousand. The reason for the sale of the chain is obligation of its shareholder Domtech Holding to Corporate commercial bank, as till now its value is not clear. Other shareholders in Technomarket Bulgari are as follows: Edoardo Miroglio with a stake of 50%, Nikolay Kitov with 12.2%, Angel Vassilev with 11.5% and Evgeny Borisov Galabov with 11.15 percent stake.
Source: Capital (14.08.2015)