The recent sale of a 90% stake in the Bulgarian incumbent telco BTC to AIG Investments is to be investigated by the country’s Financial Supervision Commission (FSC). Local reports indicate that the regulator is to look into whether or not the deal should have triggered a requirement offer to minority shareholders. The sale appeared to have been completed earlier this month, when AIG Investments announced that its subsidiary AIG Capital Partners had secured control of BTC. It has already received the approval of the European authorities.
