Romania's anti-trust body runs checks at Enel Group
Kosovo opens 1 mln euro tender for road works in Kamenica
Kosovo, Czech Republic to cooperate in ICT, energy, agri
Romania's TeraPlast to digitise 80% of logistics ops by next year
Tirana seeks suppliers of street lighting materials
May 04, 2023 16:27 EEST
May 4 (SeeNews) - Bulgarian organic foods producer Smart Organic [BUL:SO] said on Thursday that its board of directors adopted a decision enabling the company to absorb local subsidiary Biopack, in line with an agreement that the parties signed in March.
The merger of packaging firm Biopack into Smart Organic will not require a capital increase of the parent company nor a change in its articles of association, Smart Organic said in a bourse filing.
You can subscribe to our M&A newsletter here
The absorption is due to be entered in the commercial register.
Smart Organic acquired Plovdiv-based biodegradable packaging supplier Biopack for 218,000 levs ($123,006/111,460 euro) in July last year, so as to expand its portfolio in the hospitality and food service sector.
(1 euro = 1.95583 levs)
You have run out of free articles this month.
Sign up in for
and get two (2) free articles more per month or sign up for
and get unlimited access.
Browse our free newsletter options