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09.08.2017 18:11
Bulgarian government allowed the transfer of IBEX from BEH to the Bulgarian Stock Exchange
The European Commission has extended the divestiture deadline for IBEX to the end of October
AUTHOR: publics.bg


  • © publics.bg

Today the Bulgarian Council of Ministers allowed the transfer of 100% of the shares of Independent Bulgarian Exchange (IBEX) from Bulgarian Energy holding (BEH) to Bulgarian Stock Exchange –Sofia. The sale of shares will be performed through direct negotiations for the assets with a starting price defined by valuators.

The message from the government information service notes, that the transfer of IBEX is related to Case COMP/B1/АТ.39767 BEH-Electricity. BEH has undertaken commitments and thus ended the procedure. According to the commitments, BEH has to separate IBEX from its assets and to transfer it to the Ministry of Finance.

In order for the transfer of shares to take place, the European Commission has given a permission for a deadline extension – from 31 July to 31 October this year.

According to the government information service, the transfer of shares is not a privatization, as more than 50% of the Bulgarian Stock Exchange’s shares are owned by the state through the Ministry of Finance.

 


TAGS: BEH | IBEX | Bulgarian Stock Exchange | European Commission | commitments | divestiture 


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