August 26 (SeeNews) - Bulgarian construction company Trace Group Hold [BUL:T57] said that its Bulgarian unit Trace International has transferred its stake in Belgrade-based Trace Balkans to Trace Serbia, which becomes Trace Balkans' sole owner.
Trace Serbia acquired the stake in Trace Balkans for 3.724 million dinars ($35,120/31,600 euro), Trace Group Hold said in a bourse filing on Friday.
Earlier this year, Trace International's former unit Vior Velika Morava was merged into Trace Serbia.
Trace Group Hold's activities include rehabilitation, reconstruction and construction of roads, highways, airports, underground stations and underground railways, ground railroads and facilities, urban infrastructure and road marking.
(1 euro = 117.838 dinars)