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Profile bulgarias finance minister kalin hristov


´╗┐Position: Bulgarian Finance MinisterIncumbent: Kalin Hristov, 42Born: Feb.6, 1971Term: Hristov became interim finance minister on March 13 after a centre-right government led by Boiko Borisov resigned in February. He replaces Simeon Djankov and will keep the post until a new government is formed after a May 12 election.

Key this site Since 2009, Hristov has been a deputy central bank governor in charge of Bulgaria's currency peg to the euro. He has also held the post of adviser to Governor Ivan Iskrov.-- Graduated in macroeconomics from Sofia's University of National and World Economy.

-- Hristov is a rising star at Bulgaria's central bank, one of the most respected institutions in the Balkan country, in part due to its role in the aftermath of a crisis in 1996, when a third of banks went into insolvency.-- He joined the central bank in October 1997, in the economic research department. Five years later he became a member of its investment committee.

-- A staunch supporter of fiscal prudence and the idea that sustainable growth cannot be achieved by higher state expenditure, Hristov is not likely to support sharp rises in spending to boost incomes in the European Union's poorest country.-- As a deputy governor Hristov has kept a low public profile, but is well known to foreign investors and market makers, as he attended all road shows for the sale of Bulgaria's first Eurobond issue in 10 years in 2012.-- After years advocating quick accession to the euro, Hristov changed his position with the start of the euro zone debt crisis and supported the Borisov government's decision to delay the process.-- Hristov, a fluent English speaker, is an author of several publications on the problems of macroeconomics, monetary policy and the euro.

Rlpc stobart logistics buy backed with 160 mln stg loan


´╗┐The sale of a majority stake of Eddie Stobart Logistics, the transport and distribution arm of British freight company Stobart is being financed with 160 million pounds ($266.17 million) of debt, banking sources said on Tuesday. The sale of a 51 percent stake in the unit to Isle of Man-based investment firm DouglasBay Capital, William Stobart and management was announced last month for 239.7 million pounds plus 41.1 million pounds in assumed debt. Stobart, whose clients include Tesco, easyJet and Aer Lingus Regional, said it would retain the remaining 49 percent stake in the business.

The deal will be financed with a 160 million pound, seven-year term loan B guided to pay 500bp over Libor and offered with a 99 OID, the banking sources said.

The loan is being arranged by Credit Suisse and Bank of Ireland and was showcased to institutional investors at a bank meeting in London on Tuesday. Commitments are due April 11, the banking sources said. Eddie Stobart Logistics was not immediately available to comment. Stobart Group declined to comment.

Part of the proceeds of the deal will repay the Group's 100 million pound loan from M&G, Stobart said in a statement. Eddie Stobart Logistics generated revenue of 475.7 million pounds in the year ended 28 February 2013, according to its website. ($1 = 0.6011 British Pounds)