Financial and business news from Bulgaria

BTC sold in the biggest deal in our recent history (renewed)

United Group acquired BTC, will not change management of telecom
The deal for BTC is finally incorporated and the new owner.- the media group United Group, is registered in the Commercial Register, it is clear from documents submitted there. The majority shareholder in United Group is the London fund BC Partners..The price has not been announced, but unofficially it is known to be 1.3 billion euros, making it the largest ever in Bulgaria.

The finalisation of the deal was made possible after the lifting of the restrictions imposed by the trade unions of the CCB after they won a case and received 125m euros. This money was allocated by the bank during the time of Tsvetan Vassilev and with this money he pricked BTC. After that, however, he could not pay the loan service on time and the telecom was bought at auction by Bulgarian businessman Spas Rusev.

Now he remains on the new supervisory board of BTC. Besides him there are representatives of BC Partners and United Group - Nikolaos Statopoulos, Stilianos Ilia, Dragan Sholak and Victoria Boclag.

I will not change the management of BTC, learn “24 hours” from several independent sources. Chief Executive Officer Atanas Dobrev, Radoslav Zlatkov - Chief Technical Officer, Dimitris Liupis - Chief Commercial Officer, Ivo Zlatev - Chief Legal Officer and Asen Velikov - Financial Director.

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