Glavbolgarstroy will acquire the shares of Contract 99 in Rila Samokov 2004, becoming the company responsible for the construction of Super Borovets project.

The two companies signed a preliminary agreement already, 24 Chassa daily newspaper reported.

Contract 99 owns 55 per cent of Super Borovets and Glavbolgarstroy had 25 per cent of the shares. Other 20 per cent are under municipal ownership.

The value of the deal has not been presented yet. According to unofficial information it varies between 25 and 30 million leva.

Representatives of Contract 99 said that Glavbolgarstroy was the most logical selection of buyer as the company already knew the project.

Super Borovets features among the biggest tourism projects in Bulgaria. It also comes as one of the largest investment plans.

According to the project the winter resort of Borovets will be expanded and separated in three levels. The lowest part will feature family-type hotels that can accommodate up to 5000 people.

The second level will be located where the current Borovets resort is found. It will be slightly more expensive and will have the capacity to accommodate 10 000 people.

Super Borovets is the third level. The level will turn into a five-star resort for the wealthiest tourists.