December 4 (SeeNews) - The water utility company serving the Bulgarian capital Sofia, Sofiyska Voda, said that it has signed a 1 million euro ($1.1 million) property insurance contract with local OZK - Insurance.
The deal was signed on November 6, Sofiyska Voda said in a notice.
OZK - Insurance submitted the only offer in the public procurement procedure for awarding the contract.
Sofiyska Voda was established in October 2000 under a 25-year concession contract for the operation and maintenance of Sofia's water supply and sewerage system. France's Veolia Water owns 77.1% of the company's capital, while the Sofia municipality holds a stake of 22.9%, according to data from Sofiyska Voda's website.
($ = 0.8773 euro)
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