Quick News Spot

CC Leader Vassilev Opposes Possible Acquisition of Lukoil by Bulgarian Energy Holding


CC Leader Vassilev Opposes Possible Acquisition of Lukoil by Bulgarian Energy Holding

Continue the Change (CC) leader Asen Vassilev opposed an idea for the Bulgarian Energy Holding to acquire Lukoil's Bulgarian assets, speaking to journalists after a meeting of the party's National Council.

Earlier on Saturday, in a televised interview, BSP floor leader Dragomir Stoynev said that the best possible scenario is for the Bulgarian Energy Holding (BEH) to acquire Lukoil. He also said that when drafting the legislative amendments in relation to a special administrator for the company, a possibility that BEH could purchase the refinery was also considered.

Vassilev expressed skepticism that the refinery's assets could realistically be valued at USD2-3 billion USD.

"When you're acquiring an asset of such scale, an international one, you work with some of the world's largest investment banks. Huge teams are involved, usually spending around 12 months conducting a full assessment of the assets, reserves, market readiness, and everything else, and only then do they decide on the price and method of acquisition. This is not like buying a pair of shoes."

Vassilev also insisted that the government should revise the draft budget for next year and submit it to the National Assembly.

Earlier, Continue the Change announced that the party's National Council had elected Nikolay Denkov as deputy chairman. The council also adopted ethical guidelines for party members.

Previous articleNext article

POPULAR CATEGORY

misc

6670

entertainment

7006

corporate

5840

research

3517

wellness

5786

athletics

7361