trending Market Intelligence /marketintelligence/en/news-insights/trending/W9OWrBv2CjldWDR9Y6R12Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Bulgarian capital launches tender for majority stake in Municipal Bank

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Bulgarian capital launches tender for majority stake in Municipal Bank

Bulgarian capital Sofia's Municipal Privatization and Investment Agency announced a one-stage tender for the sale of 3,880,388 Municipal Bank Plc shares.

The minimum bid price has been set at 45.65 million Bulgarian levs for the tendered stake, which is equivalent to Sofia Municipality's entire 67.6% holding in the bank.

The tender is targeting strategic investors, such as financial institutions with a full banking license and an S&P rating of at least BB- or equivalent, and financial investors with capital equivalent to at least €20 million.

Potential buyers were invited to submit their offers within 60 days from the date of publishing the tender announcement in Bulgaria's State Gazette.

In addition to Sofia Municipality, the lender's shareholders also include municipal and private companies jointly owning a 30.80% stake, and sixteen other municipalities with a holding of 1.55%, according to the bank's website.

As of Oct. 12, US$1 was equivalent to 1.65 Bulgarian levs.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.