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General

United Group in talks to buy Bulgaria's Vivacom - report

Friday 18 October 2019 | 14:34 CET | News
BC Partners-owned Balkan telecoms and media company United Group is in talks to acquire Bulgaria's Vivacom, according to Reuters citing two sources familiar with the matter. The operator was put up for sale in July by Vivacom's main shareholder Bulgarian businessman Spas Roussev and the London arm of Russian bank VTB, which together control the company. United Group's offer was near Vivacom's enterprise value of over EUR 1.2 billion, the sources said. The Bulgarian company has a debt of EUR 0.6 billion.

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Categories: General
Companies: Tele2 / Tele2 Croatia / Vivacom
Countries: Bulgaria
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