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Bulgaria's IHB Electric gets shareholders nod to file for liquidation

Author Mario Tanev
Bulgaria's IHB Electric gets shareholders nod to file for liquidation IHB Electric / All rights reserved.

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.

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