Mergers & Acquisitions

Bobokov Brothers re-acquire their 30% stake in Bulgaria’s Prista Oil

Bobokov Brothers re-acquire their 30% stake in Bulgaria’s Prista Oil
Photo courtesy of Prista Oil.

Prista Oil Group majority owners Plamen and Atanas Bobokov have become the sole owners of Prista Oil, after a 30% buyback of company shares from ADM Capital and EBRD. EBRD and ADM Capital acquired a 30% stake in Prista Oil in April 2012.

The buyback was financed with a loan of up to EUR50 million (USD54.8 million) from UniCredit Bulbank, the largest Bulgarian bank in terms of assets,. The deal also involves refinancing of debt.

Prista Oil is a leading Bulgarian producer of automotive and industrial lubricants. Prista Oil operates in more than 20 countries in Central and Eastern Europe, the Middle East and Central Asia.

You may also like