Government stops procedure for privatisation of Bulgarian Stock Exchange.

By bne IntelliNews March 15, 2013
The finance ministry has stopped the procedure for the privatisation of the bourse and the central depository, BSE announced on its website. The ministry, which owns 50.05% of the share capital of the Bulgarian Stock Exchange and 43.07% in the Central Depository, notified the privatisation agency in a letter dated February 25 (five days following the resignation of the government) that it no longer wants to sell its stakes. The contract with Czech Patria Corporate Finance, which was hired in the beginning of December 2012 to advise the deal and to prepare the marketing and judicial review has also been terminated.

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