BRITISH firm Cammel Laird may bid for the Varna shipyard if the sales procedure reopens.
The shipyard is to be sold as a self-contained part of Navigation Maritime Bulgare (Navibulgar) through the Privatisation Agency.
Two weeks ago, the sale of 75 per cent of the assets of the shipyard was mothballed after the approved candidate, Baker Investments, withdrew from the procedure. The Ministry of Transport and Communi-cations said they would not negotiate with the second-ranking candidate, AKB Fores Corporation.
Back then, Cammel Laird sent a letter of intent, but did not participate in the sale. Insiders said the company had received information that Navibulgar's former management was lobbying for Baker Investment and thought it useless to file an offer. Cammel Laird, however, followed the tender closely and are well acquainted with the reasons for the failure of the deal.
Wessels-Amstel-Phil, a Ger-man-Dutch consortium, which also showed interest in the Varna shipyard but did not submit an offer at the previous procedure, may also be among the candidates.
In August the Transport and Communications Minister, Nikolai Vassilev, launched a major personnel reshuffle of the Navigation Maritime Bulgare. Executive director, Captain Geno Genov, was dismissed because of the worsening financial status of Navibulgar.
More changes have been taking place within the transport sector. Three new directorates have been established at the Ministry of Transport and Communications. The three new units are: concessions and public state ownership management; corporate restructuring and capital market; and firm management and control. Under the new structure, the transport policy directorate is split into two - national transport policy, which is to develop strategies and programmes for the development of the sector, and co-ordination of programmes and projects, which will be in charge of management of projects financed by foreign financial institutions.
The shipyard is to be sold as a self-contained part of Navigation Maritime Bulgare (Navibulgar) through the Privatisation Agency.
Two weeks ago, the sale of 75 per cent of the assets of the shipyard was mothballed after the approved candidate, Baker Investments, withdrew from the procedure. The Ministry of Transport and Communi-cations said they would not negotiate with the second-ranking candidate, AKB Fores Corporation.
Back then, Cammel Laird sent a letter of intent, but did not participate in the sale. Insiders said the company had received information that Navibulgar's former management was lobbying for Baker Investment and thought it useless to file an offer. Cammel Laird, however, followed the tender closely and are well acquainted with the reasons for the failure of the deal.
Wessels-Amstel-Phil, a Ger-man-Dutch consortium, which also showed interest in the Varna shipyard but did not submit an offer at the previous procedure, may also be among the candidates.
In August the Transport and Communications Minister, Nikolai Vassilev, launched a major personnel reshuffle of the Navigation Maritime Bulgare. Executive director, Captain Geno Genov, was dismissed because of the worsening financial status of Navibulgar.
More changes have been taking place within the transport sector. Three new directorates have been established at the Ministry of Transport and Communications. The three new units are: concessions and public state ownership management; corporate restructuring and capital market; and firm management and control. Under the new structure, the transport policy directorate is split into two - national transport policy, which is to develop strategies and programmes for the development of the sector, and co-ordination of programmes and projects, which will be in charge of management of projects financed by foreign financial institutions.
