VTB Capital is considering the acquisition of Vivacom, Bulgaria's biggest fixed-line phone company, together with the Sofia-based Corporate Commercial Bank, said Atanas Bostandjiev, chief executive of VTB Capital.
"We are looking at the deal in partnership with the Corporate Commercial Bank," Bostandjiev said late last week. "It is a very complex transaction, and it is too early to say anything more specific."
Vivacom is majority-owned by PineBridge Investments, Hong Kong businessman Richard Li's investment-management firm. Vivacom breached terms on 1.6 billion euros ($2.1 billion) of loans a year ago, which led to its sale.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
