Alfa Finance Holding Sells Stake in Construction Co Softstroy
Wednesday, 02 October 2013
Bulgarian industrial and financial group Alfa Finance Holding said it has sold its 49%-stake in local construction company Softstroy.
The holding company did not disclose the buyer or the price of the deal.
The move was prompted by Alfa Finance Holding’s inability to determine Sofstroy’s policy in a challenging business environment as it does not hold a controlling interest in the construction company, Alfa Finance Holding’s CEO Yuri Katanov said in a notice filed with the stock exchange.
Alfa Finance Group will focus on its businesses in financial services, real estate and clean energy production, where it has controlling stakes, as well as on new projects with higher potential for added value, Katanov added.