June 1 (SeeNews) - Bulgarian agriculture and trade firm Agria Group Holding [BUL:A72] said it has acquired 50% of the capital of local liquid fuel trader Agro Oil Consult.
With this deal, Agria Group Holding aims to extend its operations and create new opportunities for sustainable development in the long term, the company said in a bourse filing, late on Thursday.
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The deal will also help Agria Group Holding to strengthen direct links between traders, manufacturers and farmers in its grain crops business.
According to the Bulgarian commercial register, Agro Oil Consult has a capital of 286,000 levs ($170,933/146,229 euro).
(1 euro = 1.95583 levs)