Stara Planina Hold sold its shareholding of Vinprom Jsc.

Stara Planina Hold Plc sold its shareholding of 33 492 shares, with a nominal value of BGN 2.00 each of them, representing 95.69 % of the capital of Vinprom Jsc., UIC: 104055430, Veliko Tarnovo at the price of BGN 2 250 000. Buyer of the shares is the company Synthesia Ltd.

 The shareholding in Vinprom Jsc. was acquired by Stara Planina Hold Plc in April 2017 at the price of BGN 1 953 595 and for the period up to the present moment the holding has received income from its investment in the amount of BGN 1 004 760.

With the sale of this shareholding, the management of Stara Planina Hold Plc confirms its intention to concentrate the efforts and investments of the holding in companies in the machine-building sector.

After excluding Vinprom Jsc. from consolidation, we expect the consolidated net sales revenues of the holding to fall by about BGN 1 million on an annual basis.