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Bulgaria's Trace Group sells stake in unit to Italy's GCF for 1.3 mln euro

Author Mario Tanev
Bulgaria's Trace Group sells stake in unit to Italy's GCF for 1.3 mln euro Author: Trace Group Hold. Licence: All rights reserved.

SOFIA (Bulgaria), October 18 (SeeNews) - Bulgarian construction company Trace Group Hold [BUL:T57] said that it has sold on October 16 a 63.25% stake in Trace Trans to Italy's GCF - Generale Costruzioni Ferroviarie for 1.3 million euro ($1.4 million).

Trace Trans was a wholly-owned unit of Trace Group Hold before the transaction, the Bulgarian Stock Exchange-listed company said in a filing on Thursday.

Trace Group Hold did not provide further details.

The deal has not been entered into Bulgaria's commercial register.

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.

($ = 0.8990 euro)

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