Bulgaria Sells Engineering Co Technoexportstroy for 26 Mln Euro

Bulgaria Sells Engineering Co Technoexportstroy for 26 Mln Euro

Bulgaria's privatisation agency said it has signed a deal to sell Sofia-based engineering company Technoexportstroy to local construction firm AT Engineering 2000 for 51 million levs ($32.7 million/26.1 million euro).

The buyer has paid in full the price for the transacted 103,970 Technoexportstroy shares, equal to 100% of the company's share capital, the government's asset-selling agency said in a statement on Wednesday.

AT Engineering 2000 is obliged to keep the company's core business unchanged for at least three years.

Technoexportstroy is an engineering company registered as first-class international contractor and consultant in more than 20 countries in Europe, the Middle East and Africa.

 

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