Bulgarian Telecommunications Company (BTC) will cut its final tie with the state in less than a month. That emerges from the agenda of an extraordinary general meeting scheduled for September 16. The shareholders are expected to approve the cancellation of the government's golden share that gives it the right to veto certain strategic decisions.
The company will be transformed into a single-person joint-stock company, be delisted from the stock exchange, and practically pass solely into the hands of its majority shareholder, Viva Telecom Bulgaria. The latter is a venture of Corporate Commercial Bank's majority owner Tsvetan Vasilev and Russia's VTB.
Read more in Bulgarian here.