12.04.2017

On April 12, 2017 Stara Planina Hold acquired shares in several businesses.
Stara Planina Hold intends to invest in the modernization and development of new enterprises.
With the acquisition of new subsidiaries we expect consolidated annual sales revenue to reach BGN 194 million.

Stara Planina Hold bought 33492 shares, each with nominal value of BGN 2.00, representing 95.69% of the capital of Vinprom JSC, Veliko Tarnovo at a price BGN 1,953,595.

Stara Planina Hold bought 19827 shares, each with nominal value of BGN 3.00, representing 68.99% of the capital of Dionisiy JSC, Nikopol at a price BGN 99,135.

Stara Planina Hold bought 10882 shares, representing 80% of the capital of Ustrem LTD, Svishtov at a price BGN 587,628.

Stara Planina Hold intends to invest in the modernization and development of new enterprises. With the acquisition of new subsidiaries we expect consolidated annual sales revenue to reach BGN 194 million.

Stara Planina Hold AD published this content on 12 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 April 2017 08:36:16 UTC.

Original documenthttp://www.sphold.com/en/news/39-2017/414-new-subsidiaries

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