Schneider Electric Bulgaria opens geothermal energy system
Most Sofia bourse indices tick higher, Shelly Group leads gainers
Romanian stock indices turn green, TTS shines
Ljubljana stock indices go down, Cinkarna Celje paces decliners
Romania’s Orsova shipyard in 2.6 mln euro deal with Dutch client
Dec 09, 2009 17:01 EEST
December 9 (SeeNews) - Bulgarian blue-chip insurance, leasing and auto group Eurohold Bulgaria said it completed the restructuring of its portfolio by setting up a leasing sub-holding, BG Autolease, to take over its leasing units in Bulgaria, Romania and Macedonia.
Eurohold Bulgaria owns 100% of the new holding, which respectively owns 100% of the three leasing subsidiaries. The new company is registered in the Netherlands and its trade name is Eurolease Group, Eurohold Bulgaria said in a statement failed to the Bulgarian Stock Exchange on Tuesday.
You can download the 2023 Automotive industry in Southeast Europe report here
With the new leasing holding Eurohold Bulgaria completed its structural reorganization, which featured the creation of three sub-holdings, in line with the company’s key businesses – Euroins Insurance Group (insurance), Auto Union Group (car sale) and Eurolease Group (leasing).
Abroad, Eurohold Bulgaria is present with its insurance sub-holding Euroins Insurance Group (EIG) in neighbouring Macedonia, Serbia, Romania and Turkey. It is planning the acquisition of auto dealers in Macedonia and Romania and of a leasing company in Romania, the group's managing board chairman Kiril Boshov told an annual investors' meeting in October.
Eurohold Bulgaria sees its consolidated net profit edging down to 8.4 million levs this year from 8.5 million levs in 2008, while sales are expected to rise 11% to 412 million levs, the company has said.
Eurohold Bulgaria (www.eurohold.bg), set up in 2006, employs some 3,600, including 1,600 in Bulgaria.
Shares of Eurohold Bulgaria, part of the blue-chip SOFIX index on the bourse in Sofia, fell 1.2% to 1.322 levs in a volume of 36,321 stocks on Wednesday.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options