June 20 (SeeNews) - Bulgarian fertilisers producer Neochim [BUL:3NB] said on Thursday that its shareholders have approved the company's plans to sign distribution agreements with local Euro Fert and Austria's Borealis L.A.T.
The distribution contracts will enter into force as of the start of 2020, Neochim said in a bourse filing.
The company's shareholders approved the proposals at a general meeting held on Tuesday.
Earlier this year, Neochim said it expects to book sales revenue of 302.3 million levs ($174 million/155 million euro) in 2019, up from sales of 220.7 million levs last year.
(1 euro = 1.95583 levs)