The state judge BTK in Paris

Control Agency (Ask) prepare BTC claims to over 132 million euro, said Executive Director of the Agency Atanaska Bozova.
Part of the amount – nearly 80 million euro, is due to the difference in prices of shares which were sold before the stock market two years. For failure of the investment program is part of the employment is charged EUR 22 million penalty for 2006 and more than 30 million leva in 2007 Bozova clear that the court should finally decide on the amount due. Depending on the course of the case, however, the amount may increase.
For failure of the investment program the agency has taken legal action in the Arbitration Court in Paris. Likely to be brought another action, which will be led by the Ministry of Finance as representative of the state.
Regarding the intention of the Minister of Transport Petar Mutafchiev to return preferential „golden“ share Bozova said that the case can be decided only according to the company and the contract between the shareholders of the company. In the privatization contract that case is not settled.
As is known, in 2004 the state sold 55 percent of BTC to Viva Ventures for 230 million euros. Privatizatorat added 10 percent to its share through a capital increase. The current majority shareholder – investment unit of the U.S. AIG, acquired 90 percent of BTC in the summer of 2007, having paid about 1.6 billion euros for 90 percent of it, as indebted to that amount to the bank syndicate.
Just that the resale of BTC and the failure of the privatization contract led Golden State to keep their shares, exercising his right of veto to the general meeting of shareholders of the BTC last week.

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Finance