Democratic Bulgaria calls on Varna not to help Guergov take control of Plovdiv International Fair – Bulgaria
The Municipal Council in Varna should not accept the proposal of the mayor of the city Ivan Portnih (GERB) that the shares owned by the local administration in the International Fair Plovdiv AD should be contributed to the company Puldin Turinvest AD. This was called for by the municipal councilors from Democratic Bulgaria in Plovdiv and Varna with a declaration published on Facebook.
Yesterday it became known that Plovdiv businessmen Georgi Gergov sent to Varna Mayor Ivan Portnih an application “for contribution of the shares of Varna municipality from” International Fair Plovdiv “AD to” Puldin Turinvest “AD. For his part, Portnih was sent on October 15 to the municipal council in Varna a report, almost verbatim duplicating Gergov’s application, with the proposal to consider it.
How Georgi Guergov helped Varna to master the “International Fair Plovdiv” – here
If this proposal is accepted, the end result will be that Georgi Gergov (former BSP leader for Plovdiv and majority owner of two companies) will finally take over the Plovdiv International Fair. to influence the decision-making in the general meetings of their shareholders “, reads the declaration of the municipal councils.
The text reminds that in 2017 the Municipal Council of Varna decided on the shares in the “International Fair Plovdiv” in order to be transferred free of charge to the state. We call on the council to seek the responsibility of the mayor of GERB in Varna, Ivan Portnih, for the fact that it is not an additional decision taken in 2017, “he called in the text of the declaration.
As a consequence of the non-implementation of this decision, the shares of the Municipality of Varna remained its property. Now Ivan Portnich has submitted for voting the proposal for these shares to be transferred to the ownership of Puldin Turinvest AD.
How the GERB executive commission ordered Varna to return its shares – here.
How the municipal council in Varna unquestioningly carried out Borisov’s order – here.
The general meeting of the shareholders of the company is convened for November 16 this year, and in the absence of a quorum – for December 2 next year. Its capital must be raised from BGN 177,984,899 to BGN 194,299,299, for which it obviously relies on the shares that the municipality of Varna has in the Plovdiv International Fair.
How Varna paid BGN 43 million to Georgi Gergov for 3 decares of “hole” in the city center – here, here and here.
If this happens, Puldin Turinvest AD will become the owner of 79.3% of Plovdiv International Fair AD, which provides Georgi Gergov with a qualified majority in decision-making at the General Meeting of its shareholders. Puldin Turinvest is currently controlled by Georgi Gergov, who owns more than two-thirds of its capital through other companies.
Currently, the municipality of Plovdiv holds 25% of the shares of Puldin Ttrinvest, but if Varna accepts Gergov’s offer, Plovdiv’s share will shrink to 22.9%.
Sessions of two municipal councils – in Plovdiv and Varna, which will have to be considered the idea of Georgi Gergov will be on the same day – on Wednesday, October 27.
The municipal councilors who signed the declaration with Veselina Alexandrova, Veselka Hristamyan, Dobromira Kostova, Emil Boyadzhiyski, Ivaylo Mitkovski, Yordan Ivanov, Maria Angelova and Nikolay Kapitanov.