Project Macstar – privatization procedure for three companies in Macedonia (2010)


Project Macstar envisaged the sale of the state-owned stakes in three Macedonian companies: Tutunski Kombinat AD - Prilep, Emo Ohrid AD, 11 Oktomvri Eurokomposit AD.

Bulbrokers Consulting and Stater Bank jointly acted as the financial advisors to the Government of the Republic of Macedonia (acting through the Ministry of Economy). The advisory work of Bulbrokers Consulting included management and coordination the process, preparation of marketing and transaction documents, valuation, data rooms, due diligence reports and information memoranda, identification and approaching the potential buyers, development of a sale strategy.