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Dec 29, 2017 13:23 EEST
December 29 (SeeNews) - Bulgarian engineering company Dietsmann Energoremont Holding said on Friday it has signed two contracts with oil refiner Lukoil Neftochim Burgas.
The estimated value of the two contracts exceeds 10% of Dietsmann Energoremont Holding's average annual revenue in the last three years, the company said in a bourse filing.
On Thursday, Dietsmann Energoremont Holding said its majority owner, Dutch-based Dietsmann, has acquired 93,674 shares of the company through a buyout bid. In July, Dietsmann acquired a 97% stake in the Sofia-based company for an undisclosed sum.
In January, Dietsmann Energoremont Holding signed two contracts with Lukoil Neftochim Burgas worth a total of 88.1 million levs ($47.9 million /45.1 million euro).
Dietsmann Energoremont Holding and its seven affiliate companies manufacture power equipment, spare parts and metal structures for companies operating in power engineering, chemistry and metallurgy. It has representative offices in Serbia, Macedonia, Kosovo and Turkey.
(1 euro = 1.95583 levs)
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