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Bulgaria
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Bulgaria's Maritsa Energy Service to buy 91% of Enemona Galabovo from Enemona

Oct 22, 2012, 1:33:29 PMArticle by Velizar Uzunov
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SOFIA (Bulgaria), October 22 (SeeNews) – Bulgarian engineering, construction and energy group Enemona [BUL:E4A] said it has signed a deal to sell 91.13% of its subsidiary Enemona Galabovo to local company Maritsa Energy Service.

Bulgaria's Maritsa Energy Service to buy 91% of Enemona Galabovo from Enemona

The value of the transaction is 2.9 million levs ($1.94 million/1.48 million euro), payable within 10 working days after the signing of the contract, Enemona said in a bourse filing on Friday.

Enemona's board adopted the decision for the stake sale on October 18.

The buyer is obliged to change the name of Enemona Galabovo within three months.

(1 euro = 1.95583 Bulgarian levs)

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