Thursday, July 26, 2007

EC Approves Sale of Bulgarian Telecom to AIG Captia

The European Commission has cleared under the EU Merger Regulation the acquisition of Bulgarian Telecommunications Company by AIG Capital Partners. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

  • In May 2007, AIG Capital Partners announced plans to acquire up to a 65% equity stake in Bulgarian Telecommunications , the former state-owned incumbent, for approximately GBP 1 billion.

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