September 26 (SeeNews) - Bulgarian construction company Trace Group Hold [BUL:T57] said on Thursday that its wholly-owned subsidiary Trace Serbia has absorbed another unit of the company - Vior Velika Morava.
As a result of the merger, Trace Serbia increased its capital to 985.3 million dinars ($9.2 million/8.4 million euro) by increasing the nominal value of its shares to 1,665.659 dinars each, Trace Group Hold said in a bourse filing.
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.
(1 euro = 117.53 dinars)