Bulgaria's Infra Commerce Wraps Up Absorption of Himcolor

Bulgaria's Infra Commerce Wraps Up Absorption of Himcolor

Bulgaria's Trace Group Hold  said on Monday that its wholly-owned unit Infra Commerce has completed on June 3 the absorption of local acrylic paint producer Himcolor, as all relevant documents were entered into the commercial register. Infra Commerce's capital will not be increased as a result of the merger, Trace Group Hold said in a bourse filing. Infra Commerce acquired 100% of Himcolor in April. Himcolor's capital comprises 5,000 shares of 10 levs ($5.7/5.1 euro) in par value each. Infra Commerce booked revenue of 33.5 million levs in 2018 and closed the year with a net loss of 350,000 levs, according to the company's annual financial statement.

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