January 18 (SeeNews) - Bulgarian diversified group Synergon Holding [BUL:6S7] said that it signed a deal on Monday to acquire 0.19% interest in building materials and fuel retailer Toplivo [BUL:3TV], increasing its stake in the company to 84.14%.
The deal for the purchase of 10,308 shares in Toplivo will be settled on January 20, Synergon Holding said in a stock exchange filing.
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As at 13:20 CET on Monday, shares in Toplivo traded 5.50% lower at 1.89 levs ($1.17/0.97 euro) on the Bulgarian Stock Exchange. Shares in Synergon had not yet traded by the same hour.
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.
(1 euro = 1.95583 levs)