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Bulgaria's Shumen Tabac shareholders approve name change

Author Mario Tanev
Bulgaria's Shumen Tabac shareholders approve name change Author: Bulgartabac Holding. License: All rights reserved.

SOFIA (Bulgaria), July 24 (SeeNews) - Bulgarian tobacco products trader Shumen Tabac [BUL:3JZ] said that its shareholders have approved a change in the company's name to BIH Shumen.

Shumen Tabac shareholders approved the proposal at a meeting held on July 15, the company said in a bourse filing last week.

The name change was proposed by the company's majority owner - local group Bulgartabac Holding [BUL:57B].

In 2017, Bulgartabac Holding sold most of its tobacco business for more than 100 million euro ($112.2 million) to British American Tobacco (BAT).

($ = 0.8911 euro)

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