February 25 (SeeNews) - Bulgarian diversified group Bulgartabac Holding [BUL:57B] said that it is seeking approval from its shareholders to change its name to Bulgarian Investment Holding.
The shareholders will vote on the proposal at an extraordinary meeting scheduled for April 11, Bulgartabac Holding said in an invitation for the meeting published in the Commercial Register.
In 2017, the group sold its biggest cigarette brands for more than 100 million euro ($113.6 million) to British American Tobacco (BAT).
Also in 2017, Bulgartabac Holding acquired local consumer electronics retailer Technomarket and milk products producer Lodis Invest, diversifying its portfolio.
($ = 0.8803 euro)