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4-Traders Homepage  >  Equities  >  BULGARIAN STOCK EXCHANGE  >  Bulgarian American Credit Bank AD    5BN   BG1100098059

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Bulgaro-Amerikanska kreditna banka AD : ?ender offer by CSIF AD for acquisition of the shares of the remaining shareholders of BACB and the opinion of the Board of Directors of the Bank have been published and are available to the investors.

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12/02/2011 | 12:47pm CEST
?ender offer by CSIF AD for acquisition of the shares of the remaining shareholders of BACB and the opinion of the Board of Directors of the Bank have been published and are available to the investors.

Today, Dec 2, 2011, Bulgarian American Credit Bank AD (BACB or the Bank) has received a notification from CSIF AD that on Dec. 2, 2011, CSIF AD has published in "Trud" daily and "Capital Daily" a tender offer pursuant to art. 149 (1) of Public Offering Securities Act (POSA) for acquisition of the shares of the remaining shareholders of BACB and the opinion of the Board of Directors of the Bank. Together with the abovementioned notification BACB has received a copy of the tender offer.

 Pursuant to art. 36 (5) of Ordinance 13/22.12.2003 for tender offer for acquisition and swap of shares, BACB advises herewith that the tender offer of CSIF (in Bulgarian) and the opinion of the Board of Directors of the Bank are disclosed to the shareholders (in Bulgarian and English) through the internet site of the BACB - - and the internet portal of Bulgarian Stock Exchange-Sofia AD - .

In addition, the tender offer of CSIF and the opinion of the Board of Directors of the Bank can be obtained through the Investor Relations Officer of BACB, Mr. Plamen Petkov, at 2, Slavianska Str., Sofia, Bulgaria, or e-mail: [email protected]

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Number of Analysts 1
Average target price 7,32  BGN
Spread / Average Target 4,6%
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NameTitle
Alexander Dimitrov Chief Executive Officer & Director
Tsvetelina Borislavova Karagyozova Chairman-Supervisory Board
Martin Boychev Ganev Member-Supervisory Board
Jason Lyle Cook Member-Supervisory Board
Ilian Petrov Georgiev Executive Director
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