SOFIA, Dec 6 (Reuters) - Bulgaria’s privatisation agency received just one bid for a 67.65 percent stake in Municipal Bank from Liechtenstein’s Novito Opportunities, it said in a statement.
Municipal Bank, controlled by Sofia Municipality, is the 15th largest bank in the European Union’s poorest country, central bank data showed.
Sofia City Council in July put Municipal Bank on a list of companies set for privatisation after the bank successfully passed the central bank’s stress tests. A previous attempt to sell the bank failed in 2014.
On offer are 3,880,388 shares for a minimum total price of 45.65 million levs ($27.60 million).
Novito is part of the Liechtenstein-based investment company CAIAC Fund Management AG.
$1 = 1.6539 leva Reporting by Angel Krasimirov; editing by Jason Neely