The Bulgarian privatisation agency has called tenders for a 67% stake in forklift component manufacturers Balkancar Erma and Balkancar ZFI.

The starting price is LEV400,000 (USD295,652) and the bidding step is set at LEV40,000 (USD29,565.20) for Balkancar Erma and LEV30,000 (USD22,173.90) for Balkancar ZFI, Bulgarian News Digest reported.

Bidders must pay a LEV100,000 (USD73,913.10) and LEV120,000 (USD88,695.70) deposit, respectively, to participate in the tender for Balkancar Erma and Balkancar ZFI.

Balkancar Erma reported a LEV5,000 (USD3,695.66) turnover and a LEV128,000 (USD94,608.80) loss for the first half of 2007, while Balkancar ZFI posted revenue of LEV101,000 (USD74,652.20) and a LEV1.6 million (USD1.18 million) loss for the same period.

The Balkancar companies were previously put up for sale in September but investors showed no interest then (Forkliftaction.com News #326).

A Balkancar company was sold in March to Bourgas Shipyards for LEV4 million (USD2.7 million) (Forkliftaction.com News #299).