Advent faces €420m Bulgarian phone bill

Private equity firm Advent International could be forced to pay an extra €420m ($538.5m) for the majority stake in Bulgarian Telecom Company that it bought in February for €230m.

Bulgaria's Competition Protection Commission will decide at a hearing on Tuesday whether Advent, which acquired the company from the government after more than a year of negotiations, underpaid.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump