Press Digest
Press digest - year 1997
 
"Kraft Jacobs Suchard-Bulgaria" JSC will increase its capital with USD 3 million up to USD 16,700, reported the Financial Director of the company Thomas King.
Source: Pari (10.01.1997)
 
Sofia District Court entered a change for Kraft Jacobs Suchard - Bulgaria JSC - Svoge, Sofia Region: enters increase of the capital with BGN 99 648 000 through the issuing of 99 648 new shares of BGN 1000 each.
Source: State Gazette (25.03.1997)
 
The General Meeting of the shareholders of "Kraft Jacobs Suchard Bulgaria" JSC took a decision to increase the company's capital from the amount of BGL 2.49 billion up to BGL 5.392 billion. The total increase will be buyed from the main company's shareholder "Kraft Foods International Inc." which already has held 99.74 per cent from the company's capital. 80 per cent from the capital of the chocolate factory "Republika" SPLtd. (Svoge) was sold to "Kraft General Foods International" for the amount of USD 2 million in the end of 1993 which after that purchased 2.08 per cent remaining and unsold shares in preferential terms. The main company's shareholder acquired the present per cents from the capital through several company's capital increases. The amount of USD 18.188 million is invested in the chocolate factory from 1993 up to 1997.
Source: Capital (07.07.1997)
 
Sofia District Court entered changes for Kraft Jacobs Suchard Bulgaria JSC - Svoge: dismisses Ms. Penka Veselinova Evstatieva - Burzakova as a member of the Supervisory Board of the company and appoints Mr. Pierre John Oliaro.
Source: State Gazette (06.08.1997)
 
The foreign investments in Bulgaria up to June 31, 1997 is in the amount of BGL 1.1 billion. The foreign investments for 1996 are in the amount of USD 282 million and for the first half of the current year in the amount of USD 307 million. The greatest investors in the country are "American Standard", "Nestle", "Suchard" and "Shell". Germany is the investment leader with the total investments in the a mount of USD 230 million, Belgium is second with investments in the amount of USD 171 million. The Privatization deal of the state-owned copper plant "MDK - Pirdop" JSC will equalize the amount of German and Belgian investments in Bulgaria.
Source: Kontinent (29.09.1997)
 
Sofia City Court registered changes for Kraft Jacobs Suchard Bulgaria JSC: enters increase of the capital from BGN 436 731 000 to BGN 572 869 000 through the issuing of 136 138 new personal shares, ordinary, with voting rights of BGN 1000 each.
Source: State Gazette (10.10.1997)
 
Sofia City Court registered changes for Kraft Jacobs Suchard Bulgaria JSC: enters new registered office and principal place of business - Sofia, Serdika Region, 92 Maria Luisa Blvd.; dismisses the members of the Managing Board Mr. Joseph Schmidt, Ms. Darinka Markova Despotova, Mr. Jean Cristophe Montini, Mr. Luben Petrov Isaev, Mr. Joseph Simon; elects new Managing Board with the following members: Mr. Bernhard Huber, Ms. Darinka Markova Despotova and Mr. Joseph Simon.
Source: State Gazette (10.10.1997)
 
Sofia City Court registered a change for Kraft Jacobs Suchard Bulgaria JSC: increases the capital from BGN 572 869 000 to BGN 1 042 409 000 through the issuing of new 469 540 paperless, personal, ordinary shares with voting rights of BGN 1000 each.
Source: State Gazette (27.11.1997)
 
Sofai City Court registered changes for Kraft Jacobs Suchard Bulgaria JSC: enters changes in the company's statutes; erases as members of the Supervisory Board Mr. Pierre John Oliaro and Mr. Alois Fink; enters as members of the Supervisory Board Ms. Natasha Toteva Tzvetkova and Mr. Michelle Joseph Boon; enters as Chairman of the Supervisory Board Mr. Michelle Joseph Boon; erases the members of the Supervisory Board Mr. Bernhard Huber, Ms. Darinka Markova Despotova and Mr. Joseph Simon; enters new Managing board: Ms. Darinka Markova Despotova, Mr. Georgios Konstantinos Diamantopulos and Mr. Joseph Clare Simon; enters as Chairman of the Managing board Mr. Georgios Konstantinos Diamantopulos; enters as Executive Director Ms. Darinka Markova Despotova.
Source: State Gazette (03.12.1997)
 
Sofia City Court registered a change for Kraft Jacobs Suchard Bulgaria JSC: enters increase of the capital from BGN 1 042 409 000 to BGN 1 156 359 000 through the issuing of 113 950 new paperless personal ordinary shares with voting rights of BGN 1000 each.
Source: State Gazette (10.12.1997)