Gazprom affiliate NIS looking to take over CSKA Sofia

NIS, the affiliate company of Russian oil giant Gazprom, is reportedly in talks over a possible takeover of the Bulgarian outfit CSKA Sofia.

Gazprom current owns 56% of NIS’s shares. The source of this report – news agency Standard – does not provide any details on a possible deal.

CSKA are 31-time champions of Bulgaria national league and also won the national cup 11 times.