Bulgaria cancels sale of Sofia stock exchange stake

Bulgaria has cancelled the sale of the government's 50.1-percent stake in the Sofia stock exchange, the privatisation agency said Thursday.

It cited a decision by the outgoing finance ministry to discontinue the privatisation procedure following the right-wing government's resignation last month.

The finance ministry had offered its stake to strategic foreign investors and was previously hoping to wrap up the sale by next month.

The Vienna, Istanbul and London Stock Exchanges as well as Deutsche Boerse, NASDAQ and Greek Hellenic Exchanges were reported to have shown interest.