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4. Methods of Mergers and De-mergers

Under Bulgarian law businesses may be merged and de-merged by:

 

4.1 Mergers through:

  • bundling – all assets of one or more companies pass to one existing company that becomes their successor. The transforming companies are dissolved without a liquidation; or
  • consolidation – all assets of one or more companies pass to one newly formed company - their successor. The transforming companies shall be dissolved without a liquidation;

 

4.2. De-mergers through:

  • split-up – all assets of one company pass to two or more companies - its successors. The transforming company shall be dissolved without a liquidation; or
  • spin-off – assets of one company pass to one or more companies - its successors. The transforming company is not dissolved;.