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Bulgaria's 235 Holdings expands business towards Greece

Bulgaria's 235 Holdings expands business towards Greece Deal, business, corporate contracts

SOFIA (Bulgaria), August 16 (SeeNews) - Bulgaria's 235 Holdings [BUL:94G] said that its real estate investment unit 235 Developments has registered a branch in Greece as part of its strategy for business expansion outside Bulgaria.

The branch was registered in Athens on August 12, 235 Holdings said in a bourse filing on Thursday. 

Last month, 235 Holdings said it will seek to raise up to 12.77 million levs ($7.2 million/6.5 million euro) in a forthcoming capital increase via a new share issue.

Sofia-based 235 Holdings completed the acquisition of 100% of local 235 Developments for an undisclosed price last year. Along with the acquisition, 235 Holdings increased the capital of 235 Developments to 4.8 million levs from 2 levs.

235 Developments' main activities include construction and sale of buildings, trade in building materials, architecture services, interior design and consultancy, commercial register data shows.

Shares of 235 Holding last traded on the Bulgarian Stock Exchange at 21 levs on Thursday.

(1 euro = 1.95583 levs)