Bulgarian Development Bank to absorb its factoring subsidiary


State-owned Bulgarian Development Bank (BDB) is requesting the approval of the regulator to be able to absorb its fully-owned unit BDB Factoring.

As a result of the transaction after approval, BDB Factoring's assets will be transferred to its parent, and the company will be terminated without liquidation, the antitrust body said according to seenews.


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Posted on May 10, 2021
Region: Bulgaria
Factoring, Bulgarian Development Bank
Factoring, Bulgarian Development Bank