Bulgarian investment fund CSIF seeks nod to buy local agri co Sunny Apple Sofia-based investment company Clever Synergies Investment Fund (CSIF) is seeking clearance to acquire full control over local apple producer and trader Sunny Apple, the Bulgarian competition watchdog said on Friday. The deal is expected to have no impact on the country's apple production and trade market, the Commission for the Protection of Competition said in a statement on Tuesday. CSIF, established in 2005, is a private investment company focused on renewable energy, tourism, freight forwarding, engineering, and agriculture.
Source: Presa (06.01.2014)

Toplivo bought half of Kazakh fuel company Distributor of fuels and construction materials Toplivo acquired 50% of a Kazakh company Rama petroleum’s capital. The foreign company trades with LPG and petroleum products. The price of the deal was not disclosed. Rama Petroelum is a start-up with small assets. The acquisition is part of the Bulgarian company’s strategy for expansion of activity in trade with LPG. Expectations are that the deal is to guarantee more favorable conditions that will allow Toplivo to keep its market positions. The stake in the Kazakh company is the second foreign participation of the Bulgarian company. Toplivo is owner of 100% of a registered in Russia company of the same name. The Kazakh company is based in Almati and is engaged in purchase and sale of liquefied propane gas, oil and oil products for the domestic market and for export, as well as logistics and transport. Toplivo’s interest to Kazakhstan is logical. The company imports most of its products from Russia and Kazakhstan. Toplivo is the biggest asset of the former privatization fund Synergon Holding, which is also a public company.
Source: Capital (08.01.2014)

Credit Agricole Bulgaria Renamed To Commercial Bank Victoria The bank Credit Agricole Bulgaria is renamed to Commercial Bank Victoria, according to the entry in the Commercial Registry from August 8. Currently the bank, 100% owned by troubled Corporate Commercial Bank (KTB), is represented by the administrators, appointed by the Bulgarian National Bank (BNB) Hristina Stamova and Bozhidar Arshinkov. One of the ideas, discussed in connection to KTB problems, was to transfer all “good” assets from KTB to Credit Agricole. It, however, has not come into being, at least so far.
Source: investor.bg (12.08.2014)

Bulgarian fuel, building materials retailer Toplivo to start buyback Bulgarian fuel and building materials retailer Toplivo said its shareholders adopted a decision for a buyback procedure. Under the procedure, up to 3.0% of Toplivo's 5,416,829 shares will be bought back at a minimum price of BGN 5.0 apiece and a maximum price of BGn 12, the company said in a bourse filing. The implementation term for the buyback is five years.
Source: investor.bg (26.09.2014)