Former President of the Republic of Kalmykia and President of the World Chess Federation (FIDE), Kirsan Ilyumzhinov, became a majority owner of the largest Bulgarian fuel distributor "Petrol Holding".

The Switzerland-based company "Credit Mediterranee", owned by Ilyumzhinov, has bought the shares of Dennis Jersov and Alexander Melnik which amounted to 52.5%, the remaining part of 47.5% belongs to the Bulgarian businessman Mitko Sabev.

For 17 years (between 1993 and...

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