SOFIA/MOSCOW Feb 13 A Lichtenstein-registered
company has expressed an interest in buying Russian bank VTB's
79.8 percent stake in Bulgarian tobacco company
Bulgartabak, according to Bulgaria's competition
State-controlled VTB, Russia's second-biggest bank, won a
tender to buy the stake in Bulgartabak in 2011 for 100 million
euros ($136 million) via its Austrian-registered BT Invest.
"The commission has received a notification for the
intention of Lichtenstein-registered Livero Establishments to
acquire control over Austria's BT Invest," Bulgaria's Commission
for Protection of Competition said on Thursday.
Bulgartabak is traded on the Bulgarian Stock Exchange and
has a market capitalization of 766 million levs ($532 million).
Bulgarian newspaper Capital Daily has quoted sources as
saying Tsvetan Vasilev, the controlled shareholder of Bulgarian
Corporate Commercial Bank, may be connected with Livero
Establishments, along with other Bulgarian businessmen.
VTB and Bulgartabak declined comment. Vasilev was not
immediately available to comment.
($1 = 1.4393 Bulgarian levs)
($1 = 0.7359 euros)
(Reporting by Tsvetelia Tsolova and Oksana Kobzeva; Writing by
Megan Davies; Editing by Mark Potter)