Vienna Insurance Group has publicly announced that the transaction for the sale of PAC Doverie to United Capital has been terminated

According to Reuters, "The selected buyer of PAC Doverie withdrew from the deal last month, the seller Vienna Insurance Group officially announced today (29.01.2014).

 
The Austrian group's CEO Peter Hagen told reporters in Vienna that they planned to retain ownership of Doverie for the time being.

 
The chosen buyer, the UK-registered United Capital, had announced in July that it planned to file the documents needed to approve the deal with regulators in Bulgaria as soon as possible.

 
The lack of public information about the buyer has raised concerns in Bulgaria and led Bulgaria's ruling Socialists to call on the financial regulator to halt the deal".