Bulgarian cigarettes maker Bulgartabac confirms interest to buy Bosnian peer.

By bne IntelliNews November 12, 2012
Bulgarian cigarettes manufacturer Bulgartabac sent a letter of intent confirming its interest in the acquisition of Bosnias Banja Luka-based Fabrika Duvana, news agency Srna reported, quoting PM Aleksandar Dzombic. Bulgartabac vows to continue production and keep workers if agreement is reached, Dzombic said, adding that the RS government will do everything possible to prevent job losses and to guarantee continuity of production in the factory. In September, Bosnias Serb Republic government announced Bulgartabac was interested in acquiring Fabrika Duvana and that officials of the Bulgarian company were expected to carry out all necessary evaluations and examine the state of the production capacities and facilities at Fabrika Duvana. Bosnian firm Antonic Trejd bought 55% of Fabrika Duvana Banja Luka in September 2006 for BAM 2.1mn (EUR 1.1mn). In October 2011, the government launched a legal procedure asking for compensations of BAM 4.3mn and termination of privatization contract as the company faced heavy losses and liquidation.

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335