The preliminary offer by Navibulgare candidate-buyer, consortium KG Maritime Shipping (KGMS) was accepted by the Privatisation Agency (PA), Pari daily reported.

PA said it did not yet have a final standpoint on the offer, but was working on the matter and it expected the procedure for the selection of a strategic investor to be shortened.

After the preliminary offer would have been approved, the consortium could verify the financial situation of the company.

Leading partner in the consortium was German Martrade Shipping & Transport GmbH, Pari daily said, while Advance Properties holds 30 per cent.