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N. Macedonia's ZK Pelagonija seeks shareholders nod to sell unit to Bulgaria's Tior

Author Mario Tanev
N. Macedonia's ZK Pelagonija seeks shareholders nod to sell unit to Bulgaria's Tior oticki/Shutterstock.com

SKOPJE (North Macedonia), February 14 (SeeNews) - North Macedonia-based farming group ZK Pelagonija said on Friday that it is seeking the approval of its shareholders to sell 100% of its unit Pelagonija Energy, a biogas-fired power plant operator, to Bulgarian company Tior.

ZK Pelagonija shareholders will vote on the proposal at a meeting scheduled for February 26, the company said in an invitation for the meeting.

Pelagonija Energy has a registered capital of some 413.9 million denars ($7.3 million/6.7 million euro). The company operates biogas-fired power plants in the villages of Porodin and Logovardi with a total capacity of 6 MW per hour, according to data published on ZK Pelagonija's website.

Tior, established in June 2019, is 50-50 owned by Kamil-RM and Timstroy Fusion, according to data from the Bulgarian commercial register. Kamil-RM is fully owned by Swiss-registered Wiener Finance Group, while Timstroy Fusion is a wholly-owned unit of North Macedonia-based company Tim.

(1 euro = 61.68 denars)

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