August 21 (SeeNews) - Bulgaria's government said on Wednesday that it has extended to 2040 the term of its concession agreement with local bottler Mineral water - KOM for the mineral water deposit near the village of Barzia, in northwestern Bulgaria.
The concession agreement was originally signed in 2005, the government said in a statement following its weekly meeting.
The concession contract was awarded to local bus transport company Etap-Adress in 2005. Etap-Adress set up Mineral water - KOM as a wholly-owned subsidiary in 2013 and transferred the concession rights to it at the time.
Earlier this year, another bus company - Transpekt, acquired 100% of Mineral water - KOM, according to data from Bulgaria's commercial register. Transpekt also acquired 100% of local peer Union Ivkoni earlier in 2019.