Bulgaria’s Trace Group Hold, M Strong to set up JV in Germany

The newly established company will be named Trace-M Invest and will be based in Wiesbaden, Trace Group Hold said in a bourse filing.

Trace Group Hold and M Strong will each hold a 50% stake in their joint venture company.

Trace-M Invest’s main activities will include construction of motorways and primary roads, as well as construction of housing, administrative and office buildings.

The company will rely on partnerships with leading construction companies, such as Zueblin, W&F and others, the statement reads.