The Czech PPF Group and the Arab Emirates Telecommunication Group Company (e&) have signed an agreement that e& will acquire 50% stake plus one share in PPF Telecom's assets in Bulgaria, Hungary, Serbia and Slovakia. The investor pays 2.15 billion euros in advance, plus 350 million upon finalization of the deal in early 2024.
In 2018, PPF bought the telecommunications assets of Norwegian telecommunications company Telenor in Bulgaria, Hungary, Montenegro and Serbia for EUR 2.8 billion. PPF Telecom is part of the business empire of the Kellner Family, which has $12.1 billion in assets, according to Bloomberg. The e& deal does not cover some of the seller's core assets in Czechia.
In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..
A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..
A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest Agency . "I am leading a delegation of a hundred people, a fact that speaks volumes about..
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