SOFIA (Bulgaria), May 16 (SeeNews) – Bulgaria’s Doverie United Holding [BUL:5DOV] said on Tuesday its majority owned Sofia-based subsidiary Doverie Brico has finalized the sale of its 100% stake in Brico Macedonia for 1.2 million euro ($1.3 million) to Brico Kosovo.
The deal has been entered into Macedonia’s commercial register on May 15, Doverie United Holding said in a bourse filing.
You can subscribe to our M&A newsletter here
The sale and purchase contract was signed on April 5.
Doverie Brico owns the franchise of French DIY retailer Mr.Bricolage for Bulgaria, while Brico Kosovo has the exclusive rights to use the brand in Kosovo.
Doverie United Holding owned a 54.93% stake in Doverie Brico as at end-March, the company said in an interim financial report.
The holding group spans 20 companies operating in various sectors of the economy.
Doverie United Holding shares were last traded on Monday when they closed 1.12% higher at 2.085 levs in a trading volume of 1,380 units.
($ = 0.9055 euro)