- By country
- By industry
- By topic
- Top 100
SOFIA (Bulgaria), November 6 (SeeNews) - Bulgarian diversified group Synergon Holding [BUL:6S7] said on Wednesday that two of its units have borrowed an additional 2 million levs ($1.1 million/1.0 million euro) from local lender Raiffeisenbank.
Synergon Hotels and Synergon Energy increased the size of their loan from Raiffeisenbank to 16 million levs, Synergon Holding said in a bourse filing.
The two companies also pledged further assets as collateral.
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)