Borislavova bought the 49.99% BACB interest in May from Allied Irish Bank (ISE:ALBK), with the capital hike being one of the conditions of that deal.Country: Bulgaria, Sector: Banking/Financial ServicesTarget: Bulgarian American Credit Bank
(BACB)Buyer: Clever Synergies Investment Fund (CSIF)Deal size in USD: 22mType: LBOStatus: Closed
3 November 2011 - Bulgarian lender Bulgarian American Credit Bank
(BACB) reported a net loss of BGN17.2m (USD12.1m/EUR8.8m) in the nine months to September, up 74% on the year.
Bulgaria's banking mergers and acquisitions market is on track to break the lull as Allied Irish Banks (AIB) prepares to offload its 49.9 per cent stake in Bulgarian American Credit Bank
(BACB) by March 2011, daily Dnevnik said on August 24.