Industry Development Holding JSC (also known as Development Industry Holding), managed by entrepreneur Alexander Alexandrov announced plans to acquire new companies. The main activity of Industry Development is related to the investment and management of other companies. Now its portfolio includes machine-building company Intransmash - Engineering JSC and textile enterprises Sport JSC, Alena - P JSC, Tony JSC, Adara JSC, Burya JSC and Fashion Clothes JSC, which were bought during the mass privatization. After the new purchases, Industry Development Holding will enter two new sectors - insurance and agriculture. Stefan Sofianski, who managed Lev Ins between 2001 and 2013 leading it to first place in the general insurance, might be appointed CEO in health insurance company Planet JSC – Sofia, after Intransmash - Engineering JSC, part of Industry Development Holding, finally acquire the company.
Source: Banker (11.06.2015)