Brazil CSN Remains Only Main Bidder for Bulgaria Steel Mill Kremikovtzi

Brazil's CSN remained the main bidder for the purchase of the troubled steel mill Kremikovtzi. Photo by Yuliana Nikolova (Sofia Photo Agency)

The Brazilian metallurgical giant CSN (Companhia Siderurgica Nacional) remains the only main candidate for the purchase of the troubled Bulgarian steel mill Kremikovtzi.

This was announced Wednesday by Bulgaria's Minister of Energy and Economy, Petar Dimitrov.

Dimitrov explained his Ministry had conducted only general talks with the Russian company Finprominvest, which made public its interest in Kremikovtzi last week, shortly after the Ukrainian Smart Group announced its withdrew its interest in buying or running the Bulgarian steel factory.

According to Vasil Yanachkov, a trade union leader at Kremikovtzi, Finprominvest is registered in Finland, and has both Russian and Western shareholders.

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