Bulgarian Rose in Talks for 20.4 Mln Euro Exports Deal with Chinese Corp

Bulgarian Rose in Talks for 20.4 Mln Euro Exports Deal with Chinese Corp

Cosmetics maker Bulgarian Rose [BUL:4BH] said on Thursday it is in the process of negotiating a five-year agreement with an unnamed Chinese corporation for export of cosmetics and rose oil worth up to 40 million levs ($24.2 million/20.4 million euro) in the long term.The agreement could be signed at the beginning of July, Bulgarian Rose said in a statement.Karlovo-based Bulgarian Rose, established in 1948, produces cosmetic products for face, body, and hair using rose oil and other locally-grown herbs.Bulgarian Rose has stores in nine cities across Bulgaria.(1 euro = 1.95583 levs)

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