March 21 (SeeNews) - BGI Imo, a unit of Bulgarian real estate investor BGI Group [BUL:BGI], has established a local subsidiary, Borovets Grand Chalet, BGI Group said on Tuesday.
The new unit's activities include real estate acquisition, disposal and investment, construction of new sites and purchase of secured receivables and limited property rights, the real estate investor said in a bourse filing.
Sofia-based Borovets Grand Chalet was registered on March 21 with a capital of 2 levs ($1.10/1.02 euro), according to commercial register data.
Shares in BGI Group last traded at 0.90 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)