London-based corporate finance and M&A advisory firm Alegro Capital bought Bulgarian TV7 from local Crown Media for an undisclosed sum. The media market in Bulgaria has a great potential, which is why the fund decided to make an investment and buy one of the leading TV channels in the country, Patrick Martin, managing director of Alegro Capital, said. TV7 has climbed to third place on the local media market for a very short time, up from 12th before, the media said. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more