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Holding Varna AD

Summary

Company ID (NIN)

103249584

Company owner / manager

  • Other
  • Individuals
  • Andezit OOD

Country

Bulgaria

Capital

5,236,000

Total assets

205,272,000

Net profit for the period

2,971,000

Report year

2018

Currency

BGN

Industry

Diversified Holdings

Southeastern Europe Company Index (SEECI)

What is SEECI?

General information

About Holding Varna AD

Holding Varna AD is a Bulgarian diversified holding, a majority stakeholder in nine companies in Bulgaria.

 

Last updated on May 21, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Nov. 7, 1996
NIN
103249584
Tickers
5V2
Stock Exchange
Bulgarian Stock Exchange
ISIN
BG1100036984
Profile last updated
May 21, 2019, 10:14 a.m.
Alternative names

    Holding Varna JSC

History

    Nov 7, 1996 - Varna Privatisation Fund AD is established in Varna, northeastern Bulgaria, with subscribed capital of BGN 664.193 mln.

    Feb 11, 1998 - The fund increases its subscribed capital to BGN 691.857 mln from BGN 664.193 mln.

    Mar 5, 1998 - Varna Privatisation Fund transforms into a holding company and changes its name to Holding Varna AD.

    May 18, 1998 - Holding Varna AD raises its subscribed capital to BGN 1.0 bln from BGN 691.857 mln.

    Sept 20, 1999 - The holding lists on the Bulgarian Stock Exchange.

    2005 - Holding Varna AD increases its stakes in Orel Razgrad AD by 1.3% and Mayak KM AD by 5.5%. The holding also acquires shares in Elektroterm AD, Kamchia AD and TBI Eurobond 20%.

    2006 - Holding Varna AD sells its 77% share in Mayak KM AD. The company also acquires stakes in SS Konstantine and Elena Holding AD, raises its share in Elprom Termo AD, and acquires 100% in TPO EOOD.

    Oct 18, 2006 - Holding Varna AD issues 10,000 corporate bonds with nominal value of EUR 500, annual interest of 8.0% and maturity in October 2017.

    November 2006 - The holding establishes its subsidiary Real Finance Asset Management AD.

    2012 - Holding Varna AD acquires 100% in Pamporovo Property OOD through its subsidiaries MS Food Varna EOOD and Kanisto-Mati EOOD.

    June 9, 2016 - Holding Varna AD sells its 100% stake in Golf Plus EOOD to Russian company Invest Development OAO.

     

    Last updated on May 21, 2019.

     

Management

Supervisory Board
Martin Neychev Stoyanov
Member of the Board
Kalin Georgiev Zhelev
Chairman of the Board
Veselin Raychev Morov
Member of the Board
Board of Directors and Executives
Zlatimir Borislavov Zhechev
Member of the Board
Ivelina Kancheva Kancheva-Shaban
Member of the Board
Milcho Petkov Bliznakov
Chairman of the Board and CEO

Contacts

Address
St. Konstantin i Elena Complex, Administrative Building
9006
Varna, Bulgaria
Telephones

+359 52 663 765
+359 52 663 761
+359 52 603 475
+359 52 603 476

Fax

+359 52 663 767

Emails

office@holdingvarna.com

Websites
www.holdingvarna.com

Ownership

Name Direct holding Indirect holding Owner type Country
Other 74.36 Other
Individuals 6.79 Individual
Andezit OOD 18.85 Company Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
Sv. Sv. Konstantine and Elena Holding AD 50.73 Bulgaria
UD Real Finance Asset Management AD 95.0 Bulgaria
Varna Realties EAD 100.0 Bulgaria
M Sat Cable AD 100.0 Bulgaria
Pamporovo Property EOOD 100.0 Bulgaria
Kamchiya AD 87.19 Bulgaria
IP Real Finance AD 94.92 Bulgaria
Mediina Grupa Cherno More OOD 100.0 Bulgaria
TPO Varna CPPBO EOOD 100.0 Bulgaria
Balance Elite EOOD 100.0 Bulgaria
Balchik Logistics Park EAD 100.0 Bulgaria

Products and services

Holding Varna AD is engaged in:

  • acquisition, management, evaluation and sale of:
    • stakes in domestic and foreign companies
    • bonds
    • patents
  • sublease of patents and licences to subsidiaries of the holding
  • management of its subsidiaries
  • financing its subsidiaries
  • establishment of new companies.

 

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