September 28 (SeeNews) - Bulgarian construction company Trace Group Hold [BUL:T57] said on Wednesday it has signed a cooperation agreement with Romanian engineering company Energex Expert.
The agreement aims to position Trace Group Hold on the Romanian construction market, particularly in the area of public procurement projects, Trace Group Hold said in a bourse filing.
Under the agreement, Energex commits to support Trace Group's business development in Romania and to provide domestic and foreign strategic partners.
The deal is part of Trace Group's strategy for expanding abroad.
Trace Group entered the markets of Serbian and the Czech Republic over the past three years.
Trace Group Hold shares closed 1.35% higher on Wednesday at 5.18 levs ($2.97/2.65 euro) in a turnover of 5,304 units.
(1 euro = 1.95583 levs)