Russian Railways reportedly interested in cargo unit of Bulgaria's BDZ

Bulgaria's privatisation agency confirmed for investor.bg that the sale of 100% of the cargo unit of state-owned railway operator BDZ has attracted investor interest thus refuting earlier released information about lack of interest to buy the unit. The deadline to participate in the tender is July 5 and so far one of the companies that is said to have bought the tender documents is the Russian Railways. Transport minister Ivailo Moskovski added that Turkish and Chinese investors are also expected to participate. Bulgaria's privatisation agency launched a tender to sell the cargo unit of BDZ in the beginning of June. Strategic investors are required to have been operating in the rail freight sector in the last 10 years and had an annual turnover of at least EUR 400mn in each of the last three years. Financial investors are required to have had an equity capital of at least EUR 20mn and manage assets or have had equity holdings of EUR 1bn in each of the last three years.