News:Argos:Sale of state-owned Navibulgar shipping company officially sealed

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German-led consortium KG Maritime Shipping and Bulgaria's Privatisation Agency has signed a deal for the sale of 70 per cent of maritime shipping company Navibulgar, Bulgarian Focus news agency said on August 8 2008.

The Government decided to sell 7.6 million of Navibulgare shares, for a total of 440.1 million leva. The state will own the remaining 30 per cent of the company's shares for the next several years, according to the Government's privatisation strategy.

Sofia Echo



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