New subsidiary to manage Bulgarian telco BTC real estate assets

Article Date : 11 August 2008
News Section: Bulgaria

BTC, the dominant Bulgarian fixedline telecom, will seek shareholder approval to transfer 100 real estate properties valued at over 281 million euro to one of its subsidiaries. The general meeting of shareholders is scheduled for September 23. BTC plans to transfer the assets as a noncash contribution to the balance sheets of one or more newly incorporated single proprietorships, according to the shareholder...

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Article provided by The Sofia Echo.
Read the full article here: http://www.sofiaecho.com/article/new-subsidiary-to-manage-bulgarian-telco-btc-real-estate-assets/id_31108/catid_74

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