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Bulgaria's BG Agro to merge units

Author Mario Tanev
Bulgaria's BG Agro to merge units Author: BG Agro/License: All rights reserved.

SOFIA (Bulgaria), September 13 (SeeNews) - Bulgarian farming group BG Agro [BUL:AO0] said on Friday that its wholly-owned unit BG Agro Skladovo Stopanstvo will acquire and absorb BG Agro Rastitelna Zashtita and BG Agro Trade Company.

Currently, BG Agro owns 100% of both BG Agro Rastitelna Zashtita and BG Agro Trade Company, BG Agro said in a bourse filing.

BG Agro has been actively restructuring its units in the past few years.

Earlier this year, BG Agro's unit Agrosmart BG absorbed BG Agro General Toshevo, Agriculture, Agroair and Agrotil.

In December 2018, BG Agro Trade Company absorbed BG Agro Innovation and Investment and Bulport, while BG Agro Rastitelna Zashtita absorbed BG Agro - Shumen.

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