Italy’s GCF wraps up acquisition of 63.25% of Bulgaria’s Trace Trans

Italy’s GCF wraps up acquisition of 63.25% of Bulgaria’s Trace Trans

Bulgarian construction company Trace Group Hold  said that Italy's GCF - Generale Costruzioni Ferroviarie has completed the acquisition of a 63.25% stake in Trace Trans.Following the transaction, Trace Group Hold owns a 36.75% stake in Trace Trans, the Bulgarian construction company said in a bourse filing on Thursday.Earlier this month, Trace Group Hold said it has agreed to sell a 63.25% stake in Trace Trans for 1.3 million euro ($1.4 million) to GCF - Generale Costruzioni Ferroviarie.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.

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