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Biser Oliva AD

Summary

Company ID (NIN)

123036597

Company owner / manager

  • Risoil SA
  • Individuals
  • Equity Invest - 1 AD
  • Equity Invest - 2 OOD

Country

Bulgaria

Capital

7,360,000

Total assets

80,866,000

Net profit for the period

527,000

Report year

2018

Currency

BGN

Industry

Fats & Oils

Southeastern Europe Company Index (SEECI)

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General information

About Biser Oliva AD

Biser Oliva AD is a Bulgarian manufacturer and exporter of refined sunflower oil.

The company also produces hydrogenated sunflower oil and operates warehouses for grain storage and trades in grain and oil–bearing crops.

 

Last updated on Nov 8, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Feb. 19, 1991
NIN
123036597
Tickers
Stock Exchange
ISIN
Profile last updated
Nov. 8, 2019, 3:43 p.m.
Alternative names

    Bisser Oliva JSC
    Biser Oliva JSC
    Bisser Oliva SA

History

    Feb 19, 1991 – Nedelcho Nikolov edible oil plant in Stara Zagora, southern Bulgaria, is registered as a state-owned company and renames to Darzhavna Firma (DF) Biser Oliva.

    Dec 24, 1991 – DF Biser Oliva transforms into a limited liability company, with a capital of BGL 7,206,000.

    1995 – The company increases its capital to BGL 119,999,183 from BGL 7,206,000.

    Aug 29, 1996 – Biser Oliva OOD restructures into a joint stock company, wholly-owned by the state. It raises its subscribed capital to BGL 122,660,000 from BGL 119,999,183. Later, the company lists on the Bulgarian Stock Exchange.

    July 31, 1998 - Bulgaria's Privatisation Agency sells 23% in Biser Oliva AD for BGL 902,319 to management-employee buyout company Biser Oliva-98 AD.

    Dec 25, 1999 - A total of 5.88% of the company is privatised via mass privatisation.

    July 18, 2000 – The company carries out a capital increase to BGN 1,226,600 from BGN 122,660.

    Nov 14, 2001 - Biser Oliva AD raises its subscribed capital to BGN 7,359,600 from BGN 1,226,600.

    Nov 21, 2002 - Food producer Gradus-1 OOD, Panagyurishte, Bulgaria, acquires 63.93% in Biser Oliva AD.

    August 2003 - Biser Oliva AD delists from the Bulgarian Stock Exchange after the majority shareholder Gradus-1 increases its stake to 94.42% from 91.55%. (Stock Symbol: BISER)*

    June 30, 2004 – The company and other local companies establish waste management company Ecobulpack AD, Sofia.

    July 2007 - Swiss agricultural products trader Risoil SA buys 47.53% in Biser Oliva AD, including 44.04%, acquired from Gradus-1.

    Mar 12, 2008 – The Bulgarian Financial Supervision Commission approves Biser Oliva AD's prospectus for Initial Public Offering (IPO). The company plans to offer 817,733 ordinary shares on the Bulgarian Stock Exchange (BSE) with a face value of BGN 1.0 each at a minimum price of BGN 14.50 and a maximum price of BGN 17.50 per share. Biser Oliva AD will hike its subscribed capital to BGN 8.18 mln after the IPO. Due to a crisis on the BSE, Biser Oliva AD has postponed the IPO.

    (*Editor's note: According to the Law for Public Offering of Securities, if Gradus-1 OOD acquires, directly or indirectly, more than 90% of the votes in Biser Oliva AD, it has the option to make a tender offer for the shares of the remaining shareholders with voting rights. Biser Oliva AD can be written off the Public Register of Companies, if the tender offer is accepted by 50% of the remaining shareholders with voting rights, or if 50% of the general meeting of Biser Oliva AD decides so with a majority of represented voting capital. This voting capital does not include the shares owned by Gradus-1 before making the tender offer.)

     

    Last updated on Nov 8, 2019.

Management

Executive Board
Luka Angelov Angelov
CEO
Oleksandr Dmitrievich Minov
CEO
Board of Directors
Luka Angelov Angelov
Chairman of the Board
Shota Hadzhishvili
Member of the Board
Angel Ivanov Angelov
Member of the Board
Oleksandr Dmitrievich Minov, representative of RSD Company EOOD
Member of the Board

Contacts

Address
Industrial Zone
6000
Stara Zagora, Bulgaria
Telephones

+359 42 600 918

Fax

+359 42 600 382

Emails

biser@biseroliva.bg

Websites
www.biseroliva.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Risoil SA 48.9 Company Switzerland
Individuals 2.2 Individual
Equity Invest - 1 AD 27.64 Company Bulgaria
Equity Invest - 2 OOD 21.27 Company Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Biser Oliva AD is engaged in the:

  • processing of sunflower seeds;
  • production of unrefined sunflower oil – in bulk;
  • production of refined sunflower oil – in bulk and in PET bottles of 1.0 l, 2.0 l, 5.0 l, 8.0 l;
  • production of high-protein sunflower groats, lecithin, fatty acids and fatty sludge;
  • production of technical and hydrogenated oil;
  • grain storage.

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