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Bulgaria's Shamot signs 1.6 mln euro deal to sell property to Technopolis

Author Mario Tanev
Bulgaria's Shamot signs 1.6 mln euro deal to sell property to Technopolis Photo: Technopolis Bulgaria / All rights reserved.

SOFIA (Bulgaria), November 15 (SeeNews) - Bulgarian diversified group Synergon Holding [BUL:6S7] said that its unit Shamot signed on Friday an agreement to sell a property to electronics retailer Technopolis Bulgaria, worth 3.1 million levs ($1.8 million/1.6 million euro), VAT excluded.

Synergon Holding did not provide further details in its statement.

Shamot and Technopolis Bulgaria signed a preliminary agreement for the property sale on November 12.

At the end of September, Synergon Holding controlled 93.63% interest in Shamot. 

Synergon Holding was set up in 1996 as a privatisation fund under Bulgaria's voucher privatisation programme. The fund was transformed into a holding structure the following year. It has more than 25 subsidiaries and affiliated companies operating in various sectors of the Bulgarian economy.

Technopolis Bulgaria is part of local Videolux Holding.

(1 euro = 1.95583 levs)

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