You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Greek toy retailer Jumbo cuts Bulgarian unit's capital by 19.1 mln euro

Author Mario Tanev
Greek toy retailer Jumbo cuts Bulgarian unit's capital by 19.1 mln euro

SOFIA (Bulgaria), May 27 (SeeNews) - Bulgaria's Jumbo EC.B, a wholly-owned unit of Greek toy retailer Jumbo, has decreased its registered capital by 37.3 million levs ($21.5 million/19.1 million euro) to 161.6 million levs, according to commercial register data.

Jumbo EC.B will transfer the 37.3 million levs to its parent company, the documents, entered into the commercial register last week, showed.

In September last year, Jumbo EC.B cut its capital by 49.7 million levs to 198.9 million levs.

The toy retailer entered the Bulgarian market in 2005 and currently has nine stores in the country - four in Sofia, and one each in the cities of Plovdiv, Varna, Burgas, Ruse and Stara Zagora. 

Jumbo's Bulgarian unit employed 839 people at the end of June. Jumbo entered the Bulgarian market in 2005.

Outside Greece, Jumbo has stores in Bulgaria, Romania and Cyprus.

(1 euro = 1.95583 levs)

Compare