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Bulgaria's Petromel 1 signs prelim deal to sell mill for 1.86 mln euro

Author Mario Tanev
Bulgaria's Petromel 1 signs prelim deal to sell mill for 1.86 mln euro Author: Flazingo Photos. License: Creative Commons, Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

SOFIA (Bulgaria), December 11 (SeeNews) - Bulgarian diversified group Synergon Holding [BUL:6S7] said on Wednesday that its unit Petromel 1 has signed a preliminary agreement to sell a mill for 3.64 million levs ($2.06 million/1.86 million euro).

Petromel 1 agreed to sell the mill to Greek national Georgios Kepenos, Synergon Holding said in a bourse filing.

The final deal should be signed by May 10, 2020.

Petromel 1's mill is located near the town of Montana, in northwestern Bulgaria.

(1 euro = 1.95583 levs)

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