Monbat AD (BUL:MONB) agreed to acquire 60% stake in NOUR on May 11, 2021. As per the transaction, Monbat AD will acquire 0.72 million shares representing 60% of NOUR. The acquisition transaction will take place in two stages, the first one is for acquiring and paying the agreed price of 23% of the shares and the remaining 37% will be acquired and paid within December 31, 2021. The transaction will be financed by funds from the raised bond issue and by own funds. The transaction is approved by board of directors of Monbat AD.

Monbat AD (BUL:MONB) completed the acquisition of 60% stake in NOUR for €10.3 million on April 7, 2022. The acquisition was primarily financed by using the unutilized part of the proceeds from bond issues emitted in 2018 on the Sofia bourse and with own funds.