United Group, the private equity-backed cable company, is holding exclusive talks to purchase Vivacom, Bulgaria’s largest telecoms group.
The Bulgarian entrepreneur Spas Roussev confirmed in July that the country’s incumbent telco had been put on the market.
Roussev currently owns 46% of Vivacom, with VTB (20% minus one share) and Delta Capital (19%) the two other main shareholders.
Vivacom is valued in the region of €1.2 billion.
United Group is owned by BC Partners with a minority stake held by the buyout specialist KKR.
In June, United Group completed the €220 million purchase of Tele2 Croatia.
The company also owns SBB, Telemach Slovenia and Telemach Bosnia and Herzegovina.
