April 6 (SeeNews) - Bulgarian construction company Trace Group Hold [BUL:T57] said on Thursday it has renamed its subsidiary Euro Trans Logistics to Trace Ukraine in line with its international expansion plans.
"As a result of a research on the Ukrainian market it was concluded that the market has a potential for expansion of the holding's operations," Trace Group Hold said in a filing with the Bulgarian Stock Exchange.
The company has entered into negotiations with Ukrainian state-run companies which are in charge of the country's road infrastructure.
Trace Group Hold's activities include rehabilitation, reconstruction and construction of roads, highways, airports, underground railway lines and stations, surface railroads and facilities, urban infrastructure and road marking.
The company's shares closed 2.55% higher at 4.820 levs ($2.62/2.46 euro) as 5,060 units changed hands on the Bulgarian Stock Exchange on Thursday.
(1 euro = 1.95583 levs)