You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

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

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

SOFIA (Bulgaria), November 11 (SeeNews) - Bulgarian diversified group Synergon Holding [BUL:6S7] said on Monday that it unit Shamot has signed a preliminary agreement to sell a property to electronics retailer Technopolis Bulgaria, worth 3.1 million levs ($1.8 million/1.6 million euro), VAT excluded.

The final agreement is expected to be signed by the end of November, Synergon Holding said in a bourse filing.

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)

 

Compare