AIG ups BTC stake to 90%

20 Aug 2007

The Associated Press reports that AIG Investments has increased its stake in Bulgarian telco BTC from a variety of minority shareholders. Earlier this year the insurance group’s AIG Capital Partners acquired Viva Ventures 65% holding for USD1.4 billion. AIG Investments will now launch a tender offer for the remaining shares, which are currently listed on the Bulgarian Stock Exchange.

Bulgaria, Vivacom (BTC)