One company was established as an official distributor of Kodak photo materials and photo equipment in Bulgaria. Having created a daughter company, which holds the rights to the Kodak Express network of shops, they achieved franchising contracts with 59 shops around the country. In 2008, BC Serdon was entrusted with the task of preparing an independent analysis of the company’s value and the performance. The project involved reviewing all fiscal and financial matters related to a future share purchase. The research resulted in a combined report on the key findings, a valuation of the company’s shares and a pricing recommendation.
