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SOFIA (Bulgaria), January 15 (SeeNews) - Bulgarian diversified group Industrial Holding Bulgaria (IHB) [BUL:4ID] said on Wednesday that its unit - hydro generators and electric motors maker IHB Electric, will halt operations and enter liquidation proceedings.
IHB Electric shareholders took the decision at a general meeting held on Wednesday, IHB said in a statement.
The liquidation is expected to be completed within 1 year.