SOFIA (Bulgaria), July 17 (SeeNews) – Bulgarian blue-chip industrial group Chimimport said on Thursday it has entered Hungary by setting up a subsidiary there.
Chimimport Hungary KFT has a share capital of 500,000 Hungarian forints ($3,400/2,200 euro) and will be active in water transport, wholesale of various products, real estate purchase and sale, property rent and management, Chimimport said in a filing to the Information service of the Bulgarian Stock exchange (BSE), X3News.
The cost of the investment was not disclosed. Chimimport officials were not immediately available to provide further details.
Chimimport, which has more than 40 subsidiaries in Bulgaria, is active in the financial, transport, manufacturing and retail sectors and provides legal, accounting, consultancy and advertising services. The group is a shareholder in two foreign-based companies – it owns 100% of Germany’s Bulchimex and holds a 20% stake in Switzerland’s Konor.
Chimimport more than doubled its consolidated net profit to 119.1 million levs ($96.7 million/60.9 million euro) last year.
Shares in the company, part of the BSE’s blue-chip index SOFIX, were traded at 7.9 levs by 0745 GMT on Thursday, up 2.9% from the previous close.
(1 euro = 1.95583 Bulgarian levs)
 | SeeNews SeeNews is a business and financial news and information provider which brings its visitors and customers access to detailed coverage on the fast-growing companies, economies and markets of ten Southeast European nations. |
Search for: management |
Search for: share |
Search for: company |
Search for: index |
Search for: exchange |
Search for: Bulgaria |
