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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)