News

Bulgarian tycoon Kovachki to list power businesses

A decision on which of the power businesses will go public will be taken by the end of 2007.

Up to 30% in the district heating companies in Vratsa, Burgas, Veliko Tarnovo and Pleven, Atomenergoremont and thermal power plant Maritsa 3-Dimitrovgrad may be floated on the local exchange.

There are plans to lost 30-40% in the Evropa chain of convenience food stores on the London stock exchange, Kovachki said.

The assets of the store chain include 100 retail outlets, a poultry factory in Montana, a meat factory in Gorna Malina and Pleven-based cannery Storko. Evropa's capital stands at 219 m